Centrica (OTCMKTS:CPYYY) Shares Gap Down - Here's What Happened

Key Points

• Centrica gapped down pre-market, opening at $10.76 after a $11.7450 close and last trading at $10.76 on very light volume (306 shares).
• Analyst actions were mixed but the stock's consensus remains "Buy" (2 Strong Buy, 3 Buy, 2 Hold), with notable moves including Citi upgrading to Strong-Buy and Jefferies downgrading to Hold.
• Technical and balance-sheet highlights: the 50-day moving average ($11.10) sits above the 200-day ($9.95), and the company shows a debt-to-equity of 0.75 with a current ratio of 1.45 and quick ratio of 1.41.

Centrica PLC (OTCMKTS:CPYYY - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $11.7450, but opened at $10.76. Centrica shares last traded at $10.76, with a volume of 306 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have commented on CPYYY shares. Royal Bank Of Canada reiterated an "outperform" rating on shares of Centrica in a research report on Wednesday, February 25th. The Goldman Sachs Group reissued a "buy" rating on shares of Centrica in a research note on Wednesday, February 25th. Kepler Capital Markets raised Centrica from a "strong sell" rating to a "hold" rating in a research note on Monday, March 16th. Citigroup raised Centrica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 11th. Finally, Jefferies Financial Group downgraded Centrica from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 2nd. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Centrica Stock Performance

The company has a debt-to-equity ratio of 0.75, a current ratio of 1.45 and a quick ratio of 1.41. The business has a 50 day moving average price of $11.10 and a 200-day moving average price of $9.95.

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.

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