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Centrica ( (GB:CNA) ) just unveiled an update.
Centrica plc announced the purchase of 4,406,647 of its own ordinary shares at a price of 155.21 pence per share, as part of its ongoing 2024-25 buyback program. This transaction, executed through Merrill Lynch International, is part of a broader strategy to manage the company’s capital structure and return value to shareholders, with a total of 109,559,620 shares purchased since March 2025 at a cost of over £164 million. 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’s overall score reflects strong technical performance and an attractive valuation, supported by significant corporate actions like share buybacks. Financial improvements in 2024 are positive, but historical volatility and reliance on debt necessitate cautious optimism. The strategic initiatives and positive momentum suggest a favorable outlook, making it a potentially good investment opportunity.
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 is listed on the London Stock Exchange and operates in the energy sector, focusing on providing energy solutions and services across the UK and internationally.
Average Trading Volume: 30,850,555
Technical Sentiment Signal: Buy
Current Market Cap: £7.43B
See more data about CNA stock on TipRanks’ Stock Analysis page.