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Centrica ( (GB:CNA) ) just unveiled an announcement.
Centrica plc has announced the purchase of 1,139,860 of its own ordinary shares at a price of 161.2800 pence per share, as part of its 2025 buyback program. This transaction, executed through Goldman Sachs International, is part of a broader strategy to manage the company’s capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:CNA) stock is a Buy with a £150.00 price target. To see the full list of analyst forecasts on Centrica stock, see the GB:CNA Stock Forecast page.
Spark’s Take on GB:CNA Stock
According to Spark, TipRanks’ AI Analyst, GB:CNA is a Neutral.
Centrica’s overall score reflects improved financial performance and strong corporate actions, such as buybacks, suggesting confidence and potential for enhanced shareholder value. However, the negative P/E ratio and historical financial volatility temper the outlook.
To see Spark’s full report on GB:CNA stock, click here.
More about Centrica
Centrica plc is a company listed on the London Stock Exchange, primarily involved in the energy sector. It focuses on providing energy services and solutions, with a significant market presence in the UK.
Average Trading Volume: 24,815,765
Technical Sentiment Signal: Buy
Current Market Cap: £7.74B
For detailed information about CNA stock, go to TipRanks’ Stock Analysis page.