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Centrica ( (GB:CNA) ) just unveiled an update.
Centrica plc announced the purchase of 2,762,183 ordinary shares at a price of 154.9100 pence per share, as part of the first tranche of its 2025 buyback programme. This move, executed through Goldman Sachs International, is part of a broader strategy to manage its capital structure and return value to shareholders. Following this transaction, Centrica holds 477,079,856 shares in treasury, with a total of 4,780,527,358 shares in issue. The buyback programme reflects Centrica’s commitment to enhancing shareholder value and optimizing its financial resources.
The most recent analyst rating on (GB:CNA) stock is a Hold with a £160.00 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 stock score reflects a mix of improved financial performance and weak technical and valuation metrics. The company’s financial health shows signs of improvement, but historical volatility and a negative P/E ratio weigh heavily on the valuation. Technical indicators also suggest bearish momentum, contributing to a cautious outlook.
To see Spark’s full report on GB:CNA stock, click here.
More about Centrica
Centrica plc is a British multinational energy and services company, primarily involved in the supply of electricity and gas to businesses and consumers. The company also provides a range of energy-related services, focusing on the UK and North American markets.
Average Trading Volume: 21,063,125
Technical Sentiment Signal: Buy
Current Market Cap: £7.26B
For detailed information about CNA stock, go to TipRanks’ Stock Analysis page.