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An update from Centrica ( (GB:CNA) ) is now available.
Centrica plc has announced the purchase of 2,477,748 of its own ordinary shares at a price of 146.11 pence per share, as part of its ongoing 2024-25 share buyback program. This move, executed through Merrill Lynch International, is part of a broader strategy to manage its capital structure and return value to shareholders, with significant shares being held in treasury. The buyback program reflects Centrica’s commitment to enhancing shareholder value and optimizing its financial operations.
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 demonstrates strong technical indicators and valuation metrics, bolstered by a significant share buyback program. The improved financial performance in 2024 is encouraging, yet historical volatility and debt reliance necessitate cautious optimism. Overall, the stock presents a favorable investment opportunity with its strategic initiatives and attractive valuation.
To see Spark’s full report on GB:CNA stock, click here.
More about Centrica
Centrica plc is a British multinational energy company, primarily involved in the supply of electricity and gas to consumers and businesses. It is listed on the London Stock Exchange and operates in the energy sector, focusing on providing energy services and solutions.
Average Trading Volume: 31,061,297
Technical Sentiment Signal: Buy
Current Market Cap: £7.15B
For a thorough assessment of CNA stock, go to TipRanks’ Stock Analysis page.