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The latest update is out from Centrica ( (GB:CNA) ).
Centrica plc announced the cancellation of 78,500,000 ordinary shares held in treasury, aligning with its policy to keep treasury shares below 10% of total issued share capital. This move reduces the number of treasury shares to 428,323,701, representing 8.15% of the total issued share capital, potentially impacting the company’s market positioning by enhancing shareholder value and optimizing capital structure.
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 Neutral.
Centrica’s improved financial performance and robust corporate actions contribute positively to its stock score. However, the negative P/E ratio and historical financial volatility necessitate a cautious approach. Technical analysis suggests neutral momentum, further supporting a balanced outlook.
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, operating in the energy sector. It is involved in the supply of electricity and gas, as well as energy-related services, primarily focusing on the UK and Ireland markets.
Average Trading Volume: 25,542,056
Technical Sentiment Signal: Buy
Current Market Cap: £7.75B
For an in-depth examination of CNA stock, go to TipRanks’ Overview page.