Zacks Investment Research upgraded shares of Centrica (OTCMKTS:CPYYY) from a hold rating to a buy rating in a research note released on Wednesday, Zacks.com reports. Zacks Investment Research currently has $3.00 price objective on the utilities provider’s stock.
According to Zacks, “Centrica is a top thirty FTSE100 company with growing energy businesses in the UK, North America and Europe. They secure and supply gas and electricity for millions of homes and businesses and offer a distinctive range of home energy solutions and low-carbon products and services. “
A number of other equities analysts have also commented on CPYYY. Barclays restated an overweight rating on shares of Centrica in a research note on Tuesday, January 12th. JPMorgan Chase & Co. restated an overweight rating on shares of Centrica in a research note on Tuesday. Berenberg Bank restated a hold rating on shares of Centrica in a research note on Monday, December 14th. Finally, Royal Bank of Canada upgraded Centrica from an underperform rating to an outperform rating in a research note on Tuesday, November 3rd. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Centrica presently has an average rating of Buy and a consensus target price of $3.00.
OTCMKTS:CPYYY opened at $2.77 on Wednesday. The stock has a market cap of $4.04 billion, a P/E ratio of 7.49, a PEG ratio of 1.84 and a beta of 1.42. The stock has a 50 day simple moving average of $2.45 and a 200 day simple moving average of $2.25. The company has a current ratio of 1.04, a quick ratio of 0.98 and a debt-to-equity ratio of 3.32. Centrica has a 1-year low of $1.48 and a 1-year high of $4.95.
Centrica Company Profile
Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Norway, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, and Upstream segments. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from combined cycle gas turbines and nuclear assets.
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