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Centrica ( (GB:CNA) ) just unveiled an update.
Centrica plc announced the purchase of 2,284,753 of its own ordinary shares at a price of 159.6000 pence per share, as part of its 2025 buyback programme. This transaction, conducted through Goldman Sachs International, is part of a broader strategy to manage its capital structure, potentially impacting shareholder value and market perception.
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 stock score is driven by a solid financial performance and attractive valuation, suggesting potential undervaluation. Technical indicators provide mixed signals, necessitating cautious optimism. The ongoing share buyback program is a positive factor, reinforcing strong shareholder value enhancement.
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 operating in the energy sector. It is involved in the supply of electricity and gas, as well as energy services, with a focus on the UK market.
Average Trading Volume: 31,021,948
Technical Sentiment Signal: Buy
Current Market Cap: £7.7B
Find detailed analytics on CNA stock on TipRanks’ Stock Analysis page.