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Centrica ( (GB:CNA) ) has shared an update.
Centrica has announced the sale of Spirit Energy’s remaining 15% interest in the Cygnus gas field and other assets in the Greater Markham Area and Southern North Sea to Serica Energy for approximately £98 million. This transaction aligns with Centrica’s strategy to streamline its portfolio, focus on new investment opportunities, and support the energy transition by investing in projects like the Morecambe Net Zero carbon storage initiative. The sale is expected to complete in the second half of 2026, subject to regulatory approvals.
The most recent analyst rating on (GB:CNA) stock is a Buy with a £203.00 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 overall stock score is driven by strong corporate events, particularly the share buyback program and strategic acquisitions, which enhance shareholder value. However, the score is tempered by a challenging valuation due to a negative P/E ratio and mixed technical indicators.
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 energy production and supply, with a significant interest in infrastructure and carbon storage projects. The company’s market focus includes maximizing value through strategic asset sales and investments in greener energy solutions.
Average Trading Volume: 22,870,050
Technical Sentiment Signal: Buy
Current Market Cap: £7.55B
For an in-depth examination of CNA stock, go to TipRanks’ Overview page.