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An announcement from Centrica ( (GB:CNA) ) is now available.
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 cancellation adjusts the number of treasury shares to 428,317,002, representing 8.27% of the total issued share capital, potentially impacting the company’s share value and stakeholder interests.
The most recent analyst rating on (GB:CNA) stock is a Buy with a £200.00 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 reflects a mix of improved financial performance and weak technical and valuation metrics. The company’s financial health shows signs of recovery, but historical volatility and current bearish technical indicators weigh heavily on the score. The negative P/E ratio further impacts the valuation 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 providing energy services and solutions, with a focus on maintaining a strategic number of treasury shares as part of its financial management.
Average Trading Volume: 19,922,654
Technical Sentiment Signal: Buy
Current Market Cap: £7.83B
For detailed information about CNA stock, go to TipRanks’ Stock Analysis page.