Centrica (OTCMKTS:CPYYY) Trading Down 1.1% - Should You Sell?

Key Points

• Centrica PLC's share price decreased by 1.1% to $9.14 during trading, with a notable decline in trading volume of approximately 57% from its daily average.
• Analysts have mixed opinions on Centrica, with Morgan Stanley and Berenberg Bank upgrading the stock to "overweight" and "strong-buy," respectively; overall, it holds a "Moderate Buy" average rating.
• The company announced a dividend payment of $0.0884 per share, to be paid on November 10th, which reflects a substantial yield of 332.0%.

Centrica PLC (OTCMKTS:CPYYY - Get Free Report)'s share price was down 1.1% during trading on Tuesday . The company traded as low as $9.11 and last traded at $9.14. Approximately 4,609 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 10,826 shares. The stock had previously closed at $9.24.

Analyst Ratings Changes

A number of brokerages have commented on CPYYY. Morgan Stanley raised Centrica to an "overweight" rating in a report on Wednesday, September 17th. Berenberg Bank raised 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 given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Centrica Stock Down 1.1%

The firm has a fifty day moving average price of $8.84 and a 200-day moving average price of $8.55.

Centrica Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, November 10th. Investors of record on Monday, September 22nd will be paid a $0.0884 dividend. 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.

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