Centrica plc (OTCMKTS:CPYYY – Get Free Report) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 6,900 shares, a decrease of 74.0% from the August 15th total of 26,500 shares. Based on an average trading volume of 13,100 shares, the days-to-cover ratio is presently 0.5 days.
Wall Street Analyst Weigh In
A number of research firms have commented on CPYYY. UBS Group upgraded shares of Centrica to a “strong-buy” rating in a research note on Wednesday, June 26th. The Goldman Sachs Group raised shares of Centrica to a “strong-buy” rating in a report on Thursday, July 25th. Berenberg Bank raised shares of Centrica from a “hold” rating to a “buy” rating in a report on Monday, July 1st. Finally, Jefferies Financial Group raised shares of Centrica from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $190.00.
Read Our Latest Report on CPYYY
Centrica Stock Up 0.6 %
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.
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