Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Centrica ( (GB:CNA) ).
Centrica plc has announced the purchase of 1,798,286 of its own ordinary shares at a price of 163.1300 pence per share, as part of its 2025 buyback programme. This move, executed through Goldman Sachs International, is part of a broader strategy to manage its capital structure and return value to shareholders. Following this transaction, Centrica holds 442,794,948 ordinary shares in treasury, with 4,814,812,266 shares in issue. This buyback is expected to positively impact the company’s stock value and demonstrate its commitment to enhancing shareholder returns.
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 overall score is driven by its strong corporate actions, including a significant share buyback program and strategic investments, which enhance shareholder value. The technical indicators support a positive trend, although the valuation is a concern due to negative earnings. Financial performance shows improvement but is tempered by historical volatility.
To see Spark’s full report on GB:CNA stock, click here.
More about Centrica
Centrica plc is a leading energy company listed on the London Stock Exchange, primarily involved in the supply of electricity and gas. The company focuses on energy services and solutions, serving both residential and business customers in the UK and internationally.
Average Trading Volume: 24,093,576
Technical Sentiment Signal: Buy
Current Market Cap: £7.75B
For an in-depth examination of CNA stock, go to TipRanks’ Overview page.