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Centrica ( (GB:CNA) ) just unveiled an update.
Centrica plc announced the purchase of 4,800,835 of its own ordinary shares at a price of 148.87 pence per share, as part of its extended 2024-25 buyback programme. This move, conducted through Merrill Lynch International, is part of Centrica’s strategy to manage its capital structure and return value to shareholders, reflecting its ongoing commitment to financial optimization.
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 strong technical indicators and attractive valuation are key strengths, supported by a robust share buyback program. Improved financial performance in 2024 is encouraging, though historical volatility and debt reliance necessitate cautious optimism. Overall, the stock presents a favorable investment opportunity with strategic initiatives and positive momentum.
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 provides energy services and solutions, focusing on delivering energy supply and related services to consumers and businesses.
Average Trading Volume: 31,151,623
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.31B
For a thorough assessment of CNA stock, go to TipRanks’ Stock Analysis page.