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The latest update is out from Centrica ( (GB:CNA) ).
Centrica plc has announced the purchase of 1,994,370 of its own ordinary shares at an average price of 168.2671 pence per share, as part of its ongoing share buyback program. This move, executed through J.P. Morgan Securities, is aimed at consolidating its treasury shares, which now total 430,311,372, reflecting the company’s strategic financial management and potential impact on shareholder value.
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 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 other markets.
Average Trading Volume: 19,922,654
Technical Sentiment Signal: Buy
Current Market Cap: £7.83B
See more data about CNA stock on TipRanks’ Stock Analysis page.