Centrica (OTCMKTS:CPYYY) Sets New 1-Year High - Here's What Happened

Key Points

• Centrica's shares reached a new **52-week high** of $9.61 in mid-day trading, although it last traded at $9.12 with a volume of 1950 shares.
• Equities analysts have **upgraded Centrica's stock**, with ratings including an "overweight" rating from Morgan Stanley and a "strong-buy" from Berenberg Bank, reflecting a consensus rating of **"Moderate Buy."**
• The firm announced a **dividend payment** of $0.0884, which translates to a substantial yield of **332.0%** for investors of record on September 22nd.

Centrica PLC (OTCMKTS:CPYYY - Get Free Report)'s stock price reached a new 52-week high on Thursday . The company traded as high as $9.61 and last traded at $9.12, with a volume of 1950 shares changing hands. The stock had previously closed at $9.18.

Wall Street Analyst Weigh In

CPYYY has been the topic of a number of recent analyst reports. Morgan Stanley upgraded shares of Centrica to an "overweight" rating in a report on Wednesday, September 17th. Berenberg Bank upgraded shares of Centrica to a "strong-buy" rating in a report on Friday, September 12th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Centrica Stock Performance

The firm's 50 day simple moving average is $8.74 and its 200-day simple moving average is $8.43. The company has a current ratio of 1.59, a quick ratio of 1.49 and a debt-to-equity ratio of 0.55.

Centrica Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, November 10th. Investors of record on Monday, September 22nd will be issued a $0.0884 dividend. This represents a yield of 332.0%. The ex-dividend date is Friday, September 19th.

About Centrica

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.