Centrica (OTCMKTS:CPYYY) Reaches New 52-Week High - Time to Buy?

Shares of Centrica plc (OTCMKTS:CPYYY - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $8.73 and last traded at $8.56, with a volume of 29367 shares changing hands. The stock had previously closed at $8.66.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CPYYY shares. Barclays lowered shares of Centrica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Kepler Capital Markets downgraded shares of Centrica from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy".

Centrica Trading Up 3.2%

The company's fifty day moving average is $8.03 and its two-hundred day moving average is $7.31. The company has a quick ratio of 1.66, a current ratio of 1.77 and a debt-to-equity ratio of 0.50.

Centrica Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, May 5th will be given a dividend of $0.1402 per share. This is an increase from Centrica's previous dividend of $0.07. The ex-dividend date is Friday, May 2nd. This represents a dividend yield of 3.9%.

Centrica Company Profile

Centrica plc operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally. The company operates through British Gas Services & Solutions, British Gas Energy, Centrica Business Solutions, Bord Gáis Energy, Centrica Energy, and Upstream segments.