Centrica (OTCMKTS:CPYYY) Rating Increased to Buy at Berenberg Bank

Berenberg Bank upgraded shares of Centrica (OTCMKTS:CPYYY) from a hold rating to a buy rating in a report issued on Monday morning, Marketbeat.com reports.

Separately, UBS Group raised Centrica to a strong-buy rating in a research report on Wednesday, June 26th.

Centrica Stock Up 1.6 %

Shares of Centrica stock opened at $7.18 on Monday. Centrica has a 52 week low of $6.14 and a 52 week high of $8.61. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 1.35. The business has a 50 day moving average price of $6.92 and a 200-day moving average price of $6.93.

Centrica Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, July 22nd. Stockholders of record on Friday, May 31st will be issued a $0.1189 dividend. The ex-dividend date is Friday, May 31st. This is a positive change from Centrica’s previous dividend of $0.06.

About Centrica

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.