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Centrica ( (GB:CNA) ) has shared an announcement.
Centrica plc announced the purchase of 4,796,475 of its own ordinary shares at a price of 148.46 pence per share, as part of its extended 2024-25 buyback programme. This move is part of Centrica’s strategy to manage its capital structure and return value to shareholders, potentially impacting its market positioning by reducing the number of shares in circulation and increasing earnings per share.
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 achieves a solid overall score due to its attractive valuation and strong technical indicators, further supported by a robust share buyback program. 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 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.
Average Trading Volume: 31,142,707
Technical Sentiment Signal: Strong Buy
Current Market Cap: £7.18B
Find detailed analytics on CNA stock on TipRanks’ Stock Analysis page.