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Centrica ( (GB:CNA) ) has shared an update.
Centrica plc has announced the purchase of 3,426,168 of its own ordinary shares at a price of 154.7700 pence each, as part of the first tranche of its extended 2025 buyback program. This move, executed through Goldman Sachs International, is part of Centrica’s strategy to manage its capital structure and return value to shareholders, reflecting confidence in its financial health and future prospects.
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 consumers and businesses. The company focuses on energy production, distribution, and related services, positioning itself as a key player in the energy sector.
Average Trading Volume: 20,888,484
Technical Sentiment Signal: Buy
Current Market Cap: £7.26B
See more data about CNA stock on TipRanks’ Stock Analysis page.