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Centrica ( (GB:CNA) ) has provided an announcement.
Centrica plc has announced the purchase of 2,256,086 of its own ordinary shares at an average price of 175.9679 pence per share, as part of the second tranche of its buyback program. This move, executed through J.P. Morgan Securities, is part of a larger strategy to repurchase shares, with the company having acquired over 61 million shares since September 2025. This buyback initiative is aimed at consolidating the company’s capital structure and potentially enhancing shareholder value by reducing the number of shares in circulation.
The most recent analyst rating on (GB:CNA) stock is a Hold with a £1.85 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 its improved financial performance and positive technical indicators. However, the negative P/E ratio and historical volatility in financial metrics suggest caution. The dividend yield adds some value, but the lack of earnings call data and notable corporate events limits further insights.
To see Spark’s full report on GB:CNA stock, click here.
More about Centrica
Centrica plc is a British multinational energy and services company primarily involved in the supply of electricity and gas to consumers and businesses. It operates in the energy sector, focusing on providing energy solutions and services across the UK and Ireland.
Average Trading Volume: 20,376,518
Technical Sentiment Signal: Buy
Current Market Cap: £8.15B
See more insights into CNA stock on TipRanks’ Stock Analysis page.