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Centrica ( (GB:CNA) ) has issued an announcement.
Centrica plc announced the purchase of 1,348,730 of its own ordinary shares at a price of 166.4800 pence per share, which will be held as treasury shares. This transaction is part of the first tranche of the company’s 2025 buyback programme, reflecting Centrica’s ongoing efforts to manage its capital structure and enhance shareholder value.
The most recent analyst rating on (GB:CNA) stock is a Buy with a £200.00 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 strong corporate events and technical analysis, indicating positive market momentum and strategic capital management. However, the negative P/E ratio and historical financial volatility temper the overall outlook.
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, operating in the energy sector. It is involved in the supply of energy and services to consumers and businesses, focusing on providing gas and electricity solutions.
Average Trading Volume: 21,980,337
Technical Sentiment Signal: Buy
Current Market Cap: £7.79B
Find detailed analytics on CNA stock on TipRanks’ Stock Analysis page.