Centrica (OTCMKTS:CPYYY) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Centrica PLC experienced a significant increase in trading volume, with approximately 25,111 shares traded, marking a 163% rise from the previous session.
• Analysts have recently upgraded Centrica’s stock rating, with Berenberg Bank and Morgan Stanley assigning "strong-buy" and "overweight" ratings, respectively.
• The company has declared a dividend of $0.0884 per share, scheduled for payment on November 10th, which presents a notable yield of 332.0%.

Centrica PLC (OTCMKTS:CPYYY - Get Free Report) saw unusually-strong trading volume on Wednesday . Approximately 25,111 shares were traded during mid-day trading, an increase of 163% from the previous session's volume of 9,544 shares.The stock last traded at $9.03 and had previously closed at $9.11.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CPYYY shares. Berenberg Bank upgraded shares of Centrica to a "strong-buy" rating in a report on Friday, September 12th. Morgan Stanley upgraded Centrica to an "overweight" rating in a report on Wednesday, September 17th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Centrica presently has an average rating of "Moderate Buy".

Centrica Price Performance

The business has a 50 day simple moving average of $8.76 and a 200 day simple moving average of $8.44. The company has a quick ratio of 1.49, a current ratio of 1.59 and a debt-to-equity ratio of 0.55.

Centrica Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, November 10th. Shareholders of record on Monday, September 22nd will be given a dividend of $0.0884 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a yield of 332.0%.

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.

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