Centrica Extends Share Buyback Programme with Latest Purchase

Centrica ( (GB:CNA) ) just unveiled an update.

Centrica plc has announced the purchase of 1,580,561 of its own ordinary shares at a price of 156.16 pence per share, as part of its extended 2024-25 buyback programme. This move is part of a larger strategy to manage its capital structure and enhance shareholder value, with a significant number of shares now held in treasury, reflecting the company’s ongoing commitment to its financial strategies.

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 stock score is primarily driven by its strong financial performance and attractive valuation, supported by positive technical indicators. The significant share buyback program further enhances shareholder value, although historical financial volatility suggests some caution moving forward.

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 provides energy services and solutions, focusing on the production and supply of electricity and gas.

Average Trading Volume: 30,251,872

Technical Sentiment Signal: Buy

Current Market Cap: £7.6B

For an in-depth examination of CNA stock, go to TipRanks’ Stock Analysis page.