Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Centrica ( (GB:CNA) ) has shared an update.
Centrica plc has announced the commencement of the second and final £250 million tranche of its £500 million share buyback programme extension, bringing the total programme to £2.0 billion. This tranche, conducted in partnership with J.P. Morgan Securities, aims to reduce the company’s capital by repurchasing up to 3% of its issued share capital. The repurchased shares may be cancelled, held in treasury, or used for employee share schemes, with the process adhering to UK market regulations.
The most recent analyst rating on (GB:CNA) stock is a Buy with a £200.00 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 Neutral.
Centrica’s overall stock score reflects a mix of improved financial performance and weak technical and valuation metrics. The company’s financial health shows signs of recovery, but historical volatility and current bearish technical indicators weigh heavily on the score. The negative P/E ratio further impacts the valuation outlook.
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 production and supply of energy and related services, with a focus on providing energy solutions and services to consumers and businesses.
Average Trading Volume: 19,922,654
Technical Sentiment Signal: Buy
Current Market Cap: £7.83B
For an in-depth examination of CNA stock, go to TipRanks’ Overview page.