Centrica (OTCMKTS:CPYYY) Sets New 52-Week High – Still a Buy?

Centrica PLC (OTCMKTS:CPYYY)’s share price hit a new 52-week high on Monday . The stock traded as high as $11.87 and last traded at $11.50, with a volume of 3770 shares. The stock had previously closed at $11.82.

Analysts Set New Price Targets

Several research firms recently weighed in on CPYYY. Kepler Capital Markets raised shares of Centrica from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. The Goldman Sachs Group reissued a “buy” rating on shares of Centrica in a research report on Wednesday, February 25th. Jefferies Financial Group lowered shares of Centrica from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 2nd. Citigroup raised Centrica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Centrica in a research note on Wednesday, February 25th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy”.

Centrica Stock Down 1.0%

The company has a current ratio of 1.45, a quick ratio of 1.41 and a debt-to-equity ratio of 0.75. The company’s 50-day simple moving average is $10.93 and its 200 day simple moving average is $9.82.

Centrica Company Profile

Centrica plc is a British multinational energy and services company headquartered in Windsor, England. The company operates across energy supply, services and solutions, delivering gas and electricity to residential, commercial and industrial customers. In addition to commodity supply, Centrica offers a range of services such as boiler installation and maintenance, smart home technology, and energy efficiency solutions through its field-based engineering teams.

Established in 1997 following the demerger of British Gas, Centrica has evolved through strategic acquisitions and divestments to focus on core markets and capabilities.