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Centrica ( (GB:CNA) ) has provided an update.
Centrica plc has cancelled 35,704,250 ordinary shares previously held in treasury, in line with its policy to keep treasury shares below 10% of total issued share capital. Following the cancellation, the company now holds 450,883,408 ordinary shares in treasury, representing 8.90% of its total issued share capital, with 4,614,019,556 voting rights remaining in issue, a move that modestly adjusts its capital structure and share base for investors.
The most recent analyst rating on (GB:CNA) stock is a Buy with a £203.00 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 is driven by strong corporate events, particularly the share buyback program and strategic acquisitions, which enhance shareholder value. However, the score is tempered by a challenging valuation due to a negative P/E ratio and mixed technical indicators.
To see Spark’s full report on GB:CNA stock, click here.
More about Centrica
Centrica plc is a UK-based energy company listed on the London Stock Exchange, operating primarily in the utilities sector with a focus on gas and electricity supply and related energy services for residential and business customers.
Average Trading Volume: 21,149,843
Technical Sentiment Signal: Buy
Current Market Cap: £7.63B
For detailed information about CNA stock, go to TipRanks’ Stock Analysis page.