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Centrica ( (GB:CNA) ) just unveiled an announcement.
Centrica plc has announced the purchase of 1,640,045 of its own ordinary shares at a price of 165.3400 pence per share, as part of its 2025 buyback programme. This move, executed through Goldman Sachs International, is part of a broader strategy to manage its share capital, potentially enhancing shareholder value and signaling confidence in the company’s financial health.
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 Outperform.
Centrica’s overall stock score reflects strong corporate events through its share buyback program, which bolsters shareholder value, and an undervalued stock based on its low P/E ratio. While its financials show improvement, historical volatility necessitates caution. Technical indicators also support a positive outlook without indicating overbought conditions.
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 electricity and gas to consumers and businesses, with a focus on the UK market.
Average Trading Volume: 30,426,224
Technical Sentiment Signal: Buy
Current Market Cap: £7.93B
Find detailed analytics on CNA stock on TipRanks’ Stock Analysis page.