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Centrica ( (GB:CNA) ) just unveiled an announcement.
Centrica plc has announced the purchase of 4,431,259 of its own ordinary shares at a price of 161.0600 pence per share, as part of its 2025 buyback programme. This transaction, facilitated by Goldman Sachs International, is part of a broader strategy to manage the company’s capital structure and enhance shareholder value. Following this purchase, Centrica holds 459,876,257 shares in treasury, reflecting its ongoing commitment to its buyback initiative.
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 stock receives a solid score based on its strong valuation and positive corporate events, particularly the buyback program. While financial performance shows improvements, historical revenue volatility remains a concern. Technical indicators support a stable trend, balancing the overall positive 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, primarily operating in the energy sector. It is involved in the production and supply of electricity and gas, serving residential and commercial customers. The company is focused on maintaining a strong market presence in the UK and expanding its energy services.
Average Trading Volume: 30,922,354
Technical Sentiment Signal: Buy
Current Market Cap: £7.85B
See more data about CNA stock on TipRanks’ Stock Analysis page.