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Centrica ( (GB:CNA) ) has issued an update.
Centrica plc has announced the purchase of 5,699,577 of its own ordinary shares at a price of 160.7600 pence per share, as part of its 2025 buyback programme. This move is part of the company’s strategy to manage its capital structure and return value to shareholders. The shares will be held as treasury shares, increasing Centrica’s total treasury shares to 499,000,310. This buyback is expected to enhance shareholder value and reflects Centrica’s confidence in its financial position.
The most recent analyst rating on (GB:CNA) stock is a Buy with a £1.90 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 recovery, but historical volatility and current bearish technical indicators weigh heavily on the score. The negative P/E ratio further impacts the valuation 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 involved in the supply of electricity and gas to consumers and businesses. It operates in the energy sector, focusing on providing energy solutions and services across the UK and other regions.
Average Trading Volume: 20,467,176
Technical Sentiment Signal: Buy
Current Market Cap: £7.51B
For an in-depth examination of CNA stock, go to TipRanks’ Overview page.