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The latest update is out from Centrica ( (GB:CNA) ).
Centrica plc has announced the purchase of 3,229,051 of its ordinary shares at an average price of 155.4000 pence per share, as part of its ongoing 2025 buyback program. This transaction, executed through Goldman Sachs International, is part of a broader strategy to manage its capital structure and enhance shareholder value. Following this purchase, Centrica holds 474,343,314 shares in treasury, with 4,783,263,900 shares remaining in issue. This move may impact the company’s financial metrics and shareholder returns, signaling confidence in its financial health and future prospects.
The most recent analyst rating on (GB:CNA) stock is a Hold with a £160.00 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 Neutral.
Centrica’s overall stock score reflects a mix of improved financial performance and weak technical and valuation metrics. The company’s financial health shows signs of improvement, but historical volatility and a negative P/E ratio weigh heavily on the valuation. Technical indicators also suggest bearish momentum, contributing to a cautious outlook.
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 in the UK. It operates in the energy sector, focusing on energy production, distribution, and related services.
Average Trading Volume: 21,288,729
Technical Sentiment Signal: Buy
Current Market Cap: £7.32B
For a thorough assessment of CNA stock, go to TipRanks’ Stock Analysis page.