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Centrica ( (GB:CNA) ) just unveiled an update.
Centrica plc announced the purchase of 1,265,301 of its own ordinary shares at a price of 166.4600 pence per share, as part of its 2025 buyback programme. This transaction, executed through Goldman Sachs International, is part of an ongoing effort to manage the company’s capital structure and enhance shareholder value. Following this purchase, Centrica holds 438,189,572 ordinary shares in treasury, with a total of 4,819,417,642 shares in issue. This strategic move is likely to impact the company’s market positioning and could have implications for its stakeholders.
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 Outperform.
Centrica’s overall stock score is driven by its improved financial performance and strong technical indicators, suggesting positive momentum. The extensive share buyback program further enhances shareholder value. However, the negative P/E ratio indicates potential profitability concerns, warranting cautious optimism.
To see Spark’s full report on GB:CNA stock, click here.
More about Centrica
Centrica plc operates in the energy sector and is listed on the London Stock Exchange. It is involved in the supply of energy and related services, primarily focusing on the UK market.
Average Trading Volume: 24,750,351
Technical Sentiment Signal: Buy
Current Market Cap: £7.8B
Find detailed analytics on CNA stock on TipRanks’ Stock Analysis page.