Zacks Investment Research Lowers CENTRICA PLC/S (OTCMKTS:CPYYY) to Sell

CENTRICA PLC/S (OTCMKTS:CPYYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday, reports.

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 research analysts have also recently issued reports on CPYYY. Royal Bank of Canada raised CENTRICA PLC/S from an “underperform” rating to a “sector perform” rating in a report on Thursday, August 1st. Societe Generale assumed coverage on CENTRICA PLC/S in a report on Friday, June 7th. They issued a “hold” rating for the company. Finally, HSBC raised CENTRICA PLC/S from a “reduce” rating to a “hold” rating in a report on Monday, July 29th. Two equities research analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. CENTRICA PLC/S has a consensus rating of “Hold”.

Shares of OTCMKTS CPYYY traded down $0.01 during midday trading on Wednesday, reaching $3.77. 45,840 shares of the company traded hands, compared to its average volume of 110,292. The firm has a market cap of $5.21 billion, a PE ratio of 6.39, a PEG ratio of 1.67 and a beta of 0.22. The stock’s 50-day simple moving average is $3.44 and its 200-day simple moving average is $4.82. CENTRICA PLC/S has a 12 month low of $3.17 and a 12 month high of $8.29. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.85 and a current ratio of 0.90.

CENTRICA PLC/S Company Profile

Centrica plc operates as an integrated energy company in the United Kingdom, the Republic of Ireland, Germany, Norway, rest of Europe, the United States, Canada, and internationally. The company operates through Centrica Consumer, Centrica Business, and Exploration & Production 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.

Further Reading: What can cause a stock to outperform?

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Analyst Recommendations for CENTRICA PLC/S (OTCMKTS:CPYYY)

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