CENTRICA PLC/S (CPYYY) Cut to Sell at Zacks Investment Research

CENTRICA PLC/S (OTCMKTS:CPYYY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

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 firms have also recently commented on CPYYY. HSBC upgraded CENTRICA PLC/S from a “reduce” rating to a “hold” rating in a report on Monday, November 26th. UBS Group cut CENTRICA PLC/S from a “buy” rating to a “neutral” rating in a report on Wednesday, December 5th. Jefferies Financial Group cut CENTRICA PLC/S from a “buy” rating to a “hold” rating in a report on Monday, January 7th. Citigroup cut CENTRICA PLC/S from a “buy” rating to a “neutral” rating in a report on Friday. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of CENTRICA PLC/S in a report on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $9.25.

Shares of OTCMKTS CPYYY traded down $0.04 during mid-day trading on Monday, hitting $7.07. The company had a trading volume of 25,169 shares, compared to its average volume of 48,992. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 9.18 and a beta of 0.34. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.05 and a quick ratio of 1.00. CENTRICA PLC/S has a one year low of $6.48 and a one year high of $8.86.

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, Exploration & Production, and Centrica Storage segments.

See Also: Short Selling

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

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