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Centrica ( (GB:CNA) ) has issued an announcement.
Centrica plc announced the purchase of 3,242,084 of its own ordinary shares at a price of 164.0400 pence each, through Goldman Sachs International, as part of its 2025 buyback programme. This transaction is part of the first tranche of the programme’s extension, which was initially announced in February 2025. The purchased shares will be held as treasury shares, contributing to a total of 455,444,998 treasury shares held by the company. The buyback programme is a strategic move to manage the company’s capital structure and potentially enhance shareholder value.
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 is driven by strong corporate events and valuation metrics, indicating robust potential for shareholder returns. The stock’s technical analysis supports a bullish sentiment, while financial performance suggests cautious optimism due to historical volatility.
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. It is listed on the London Stock Exchange and operates with a focus on energy production, distribution, and related services.
Average Trading Volume: 30,829,783
Technical Sentiment Signal: Buy
Current Market Cap: £7.85B
See more insights into CNA stock on TipRanks’ Stock Analysis page.