Centrica Expands Share Buyback Program

An update from Centrica ( (GB:CNA) ) is now available.

Centrica plc has announced the purchase of 4,593,197 of its own ordinary shares at a price of 151.06 pence per share, as part of its extended 2024-25 buyback program. This move is in line with the company’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market positioning and stakeholder interests.

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 shows a solid overall outlook with strong technical indicators and an attractive valuation. The robust share buyback program supports shareholder value, and improvements in financial performance in 2024 are promising. However, historical volatility and debt reliance require cautious optimism.

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 the supply of electricity and gas, as well as providing energy-related services.

Average Trading Volume: 31,047,299

Technical Sentiment Signal: Strong Buy

Current Market Cap: £7.43B

For an in-depth examination of CNA stock, go to TipRanks’ Stock Analysis page.