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Centrica ( (GB:CNA) ) has provided an update.
Centrica plc has executed a purchase of 700,000 of its own ordinary shares at an average price of 134.9200 pence per share, as part of its ongoing share buyback program. This move, in collaboration with Goldman Sachs International, aims to enhance shareholder value, holding the purchased shares in treasury while maintaining substantial shares in issue. Such buybacks are often seen as a strategy to consolidate company ownership and positively impact stock prices, potentially benefiting existing shareholders.
More about Centrica
Centrica plc is a British multinational energy and services company with a focus on supplying energy and services to its customers primarily in the UK. The company is listed on the London Stock Exchange and is known for its involvement in the energy supply sector.
YTD Price Performance: 2.58%
Average Trading Volume: 22,617,263
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £6.87B
Find detailed analytics on CNA stock on TipRanks’ Stock Analysis page.
