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Centrica ( (GB:CNA) ) just unveiled an update.
Centrica plc has announced the purchase of 5,207,728 of its own ordinary shares at a price of 156.4000 pence per share, as part of its ongoing 2025 buyback programme. This transaction, conducted through Goldman Sachs International, is part of the first tranche of the programme’s extension announced earlier this year. The acquisition of these shares, which will be held as treasury shares, reflects Centrica’s strategic focus on optimizing its capital structure and returning value to shareholders.
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 engaged in the supply of electricity and gas to consumers and businesses. It operates in the energy sector, focusing on the provision of energy solutions and services, and is a major player in the UK energy market.
Average Trading Volume: 20,456,214
Technical Sentiment Signal: Buy
Current Market Cap: £7.35B
For an in-depth examination of CNA stock, go to TipRanks’ Overview page.