Centrica (OTCMKTS:CPYYY) Rating Increased to Strong-Buy at The Goldman Sachs Group

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

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

Centrica Price Performance

Shares of CPYYY opened at $6.76 on Thursday. The stock has a fifty day simple moving average of $7.11 and a two-hundred day simple moving average of $6.90. The company has a quick ratio of 1.35, a current ratio of 1.44 and a debt-to-equity ratio of 0.73. Centrica has a 52-week low of $6.19 and a 52-week high of $8.61.

Centrica Increases Dividend

The company also recently declared a dividend, which was paid on Monday, July 22nd. Shareholders of record on Friday, May 31st were issued a dividend of $0.1189 per share. The ex-dividend date of this dividend was Friday, May 31st. This is a boost 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.