Centrica Continues Share Buyback Programme with Recent Purchase

Centrica ( (GB:CNA) ) has shared an update.

Centrica plc has announced the purchase of 1,624,762 of its own ordinary shares at a price of 167.1100 pence per share, as part of its 2025 buyback programme. This transaction, executed through Goldman Sachs International, is part of a broader strategy to manage the company’s capital structure and return value to shareholders, reflecting Centrica’s ongoing commitment to enhancing shareholder value.

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 stock is supported by a strong valuation and positive corporate actions such as share buybacks, which enhance shareholder value. Despite technical indicators suggesting a potential overbought state, the company’s improved financial performance in 2024 provides a solid foundation, though historical volatility warrants caution.

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. It is listed on the London Stock Exchange and operates mainly in the UK energy market.

Average Trading Volume: 30,967,937

Technical Sentiment Signal: Buy

Current Market Cap: £8.1B

For a thorough assessment of CNA stock, go to TipRanks’ Stock Analysis page.