Centrica Concludes Major Share Buyback Phase, Prepares for Next Stage

An update from Centrica ( (GB:CNA) ) is now available.

Centrica plc has completed a significant phase of its share buyback program, purchasing nearly 2.9 million shares to be held as treasury shares. This action is part of an extended buyback initiative aimed at enhancing shareholder value, with the next phase involving Goldman Sachs International set to commence, targeting a maximum of £250 million in share repurchases.

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 strong technical indicators and undervaluation are the most significant factors driving the positive stock score. The company’s financial performance is improving, although historical volatility suggests cautious optimism. The extensive share buyback program further supports the 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, operating within the energy sector. It is involved in the production and supply of electricity and gas, with a focus on serving residential and business customers in the UK and Ireland.

Average Trading Volume: 29,142,675

Technical Sentiment Signal: Buy

Current Market Cap: £8B

Learn more about CNA stock on TipRanks’ Stock Analysis page.