Centrica Expands Share Buyback Programme with Latest Purchase

The latest update is out from Centrica ( (GB:CNA) ).

Centrica plc announced the purchase of 6,650,293 of its own ordinary shares at a price of 161.48 pence per share, as part of its extended 2024-25 buyback programme. This transaction, conducted through Merrill Lynch International, increases the total shares held in treasury to 493,879,655, reflecting Centrica’s ongoing strategy to manage its capital structure and enhance 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 overall score reflects strong corporate actions, including significant share buybacks and insider confidence, coupled with attractive valuation metrics and positive technical signals. While financial performance has improved, historical volatility in revenue and margins suggests the need for cautious optimism.

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, primarily involved in the energy sector. It focuses on supplying energy and services to customers, with a significant presence in the UK market.

Average Trading Volume: 29,800,495

Technical Sentiment Signal: Buy

Current Market Cap: £7.96B

Find detailed analytics on CNA stock on TipRanks’ Stock Analysis page.