Centrica (OTCMKTS:CPYYY) Shares Gap Up After Analyst Upgrade

Key Points

• Centrica PLC's share price increased from $8.69 to $9.05, indicating a significant rise before trading commenced on Monday.
• The company reported a 4.5% trading increment and demonstrated solid financial ratios, including a quick ratio of 1.49 and a debt-to-equity ratio of 0.55.
• Centrica operates as an integrated energy company across various regions, including the UK, Ireland, and North America, with several operational segments.

Centrica PLC (OTCMKTS:CPYYY - Get Free Report)'s share price gapped up before the market opened on Monday after Morgan Stanley upgraded the stock to an overweight rating. The stock had previously closed at $8.69, but opened at $9.05. Centrica shares last traded at $9.05, with a volume of 5,129 shares.

Separately, Berenberg Bank upgraded shares of Centrica to a "strong-buy" rating in a research report on Friday, September 12th. One equities research 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 company. According to MarketBeat, the stock presently has a consensus 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 $8.42. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.49 and a current ratio of 1.59.

Centrica Cuts Dividend

The firm also recently disclosed 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 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.