Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Centrica ( (GB:CNA) ) is now available.
Centrica plc has announced the purchase of 737,549 of its own ordinary shares at a price of 161.0600 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 buyback programme, executed through Goldman Sachs International, highlights Centrica’s strategic focus on optimizing its financial operations and maintaining a robust market position.
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 operates in the energy sector, focusing on the supply of electricity and gas to consumers and businesses. The company is known for its involvement in energy services and solutions, catering primarily to the UK market.
Average Trading Volume: 22,077,446
Technical Sentiment Signal: Buy
Current Market Cap: £7.59B
See more insights into CNA stock on TipRanks’ Stock Analysis page.