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The latest announcement is out from Centrica ( (GB:CNA) ).
Centrica plc has announced the purchase of 1,259,655 of its own ordinary shares at an average price of 163.6100 pence per share, as part of its 2025 buyback programme. This move is part of the first tranche of the programme’s extension, aimed at consolidating its market position and potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:CNA) stock is a Buy with a £175.00 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 improved financial performance and robust corporate actions contribute positively to its stock score. However, the negative P/E ratio and historical financial volatility necessitate a cautious approach. Technical analysis suggests neutral momentum, further supporting a balanced 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 in the UK. It is listed on the London Stock Exchange.
Average Trading Volume: 25,542,056
Technical Sentiment Signal: Buy
Current Market Cap: £7.75B
See more data about CNA stock on TipRanks’ Stock Analysis page.