Centrica Reduces Treasury Shares to Strengthen Share Structure

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

Centrica plc announced the cancellation of 82 million ordinary shares held in treasury, aligning with its policy to keep treasury shares below 10% of total issued share capital. This cancellation reduces the treasury shares to 8.09% of the company’s total issued share capital, impacting the company’s share structure and potentially influencing 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 robust buyback program and attractive valuation are key strengths, indicating management confidence and potential undervaluation. Improved financial metrics enhance its appeal, despite historical volatility. Technical indicators support a positive outlook. Together, these factors suggest a strong position for future growth.

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 providing energy services and solutions, and is registered in England and Wales.

Average Trading Volume: 29,421,665

Technical Sentiment Signal: Buy

Current Market Cap: £7.89B

See more data about CNA stock on TipRanks’ Stock Analysis page.