Morgan Stanley Gives Centrica (CPYYY) a Lower Rating. Drops its “Equal-Weight” Rating

May 17, 2018 - By Marie Mckinney

Centrica plc (OTCMKTS:CPYYY) Logo

Centrica (CPYYY) Receives a Downgrade

The Rating of Centrica (CPYYY) shares have been lowered by Morgan Stanley from a “Equal-Weight” rating to a “Underweight” rating in analysts report revealed to investors and clients on 16 May.

The stock decreased 5.23% or $0.43 during the last trading session, reaching $7.79. About 10,089 shares traded. Centrica plc (CPYYY) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Centrica plc operates as an integrated energy firm in the United Kingdom, the Republic of Ireland, Germany, Norway, rest of Europe, the United States, Canada, and internationally. The company has market cap of $10.68 billion. The firm operates through Centrica Consumer, Centrica Business, Exploration & Production, and Centrica Storage divisions. It has a 22.91 P/E ratio. It supplies gas and electricity to residential customers, as well as offers energy-related services; and generates power from combined cycle gas turbines and nuclear assets.

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