Centrica ( (GB:CNA) ) has provided an announcement.
Centrica plc announced the purchase of 3,914,749 of its own ordinary shares at a price of 151.79 pence per share, as part of its extended 2024-25 buyback program. This transaction, executed through Merrill Lynch International, reflects Centrica’s ongoing strategy to manage its capital structure and enhance shareholder value, with a total of 48,166,613 shares purchased since March 2025.
Spark’s Take on GB:CNA Stock
According to Spark, TipRanks’ AI Analyst, GB:CNA is a Outperform.
Centrica’s stock score benefits from strong technical indicators and attractive valuation metrics. The company’s enhanced financial health in 2024 and strategic share buybacks further bolster its outlook. However, historical financial volatility and debt reliance necessitate cautious optimism.
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 supply of electricity and gas to consumers and businesses, focusing on the UK market.
YTD Price Performance: 12.50%
Average Trading Volume: 29,370,025
Technical Sentiment Signal: Sell
Current Market Cap: £7.43B
See more insights into CNA stock on TipRanks’ Stock Analysis page.