The Goldman Sachs Group Upgrades Centrica (OTCMKTS:CPYYY) to Strong-Buy

The Goldman Sachs Group upgraded shares of Centrica (OTCMKTS:CPYYY) to a strong-buy rating in a research report sent to investors on Thursday, Zacks.com reports.

Other research analysts also recently issued research reports about the company. Berenberg Bank upgraded Centrica from a hold rating to a buy rating in a research note on Monday, July 1st. UBS Group raised Centrica to a strong-buy rating in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $176.67.

Centrica Stock Performance

OTCMKTS CPYYY opened at $6.76 on Thursday. The company has a fifty day moving average of $7.11 and a two-hundred day moving average of $6.90. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.35 and a current ratio of 1.44. Centrica has a 1 year low of $6.19 and a 1 year high of $8.61.

Centrica Increases Dividend

The company also recently announced a dividend, which was paid on Monday, July 22nd. Investors of record on Friday, May 31st were given a $0.1189 dividend. This is a positive change from Centrica’s previous dividend of $0.06. The ex-dividend date of this dividend was Friday, May 31st.

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.