tiprankstipranks
Centrica Continues Share Buyback Program with Recent Acquisition
Company Announcements

Centrica Continues Share Buyback Program with Recent Acquisition

Story Highlights

Maximize Your Portfolio with Data Driven Insights:

  • Leverage the power of TipRanks' Smart Score, a data-driven tool to help you uncover top performing stocks and make informed investment decisions.
  • Monitor your stock picks and compare them to top Wall Street Analysts' recommendations with Your Smart Portfolio

Centrica ( (GB:CNA) ) has shared an announcement.

Centrica plc has announced the purchase of 600,000 of its own ordinary shares at a price of 136.5 pence per share, as part of its ongoing share buyback program initiated in August 2024. This initiative is executed through Goldman Sachs International and aims to consolidate the company’s equity by holding these shares in treasury, thereby potentially enhancing shareholder value.

More about Centrica

Centrica plc is a British multinational energy company listed on the London Stock Exchange. The company is primarily involved in supplying electricity and gas to businesses and consumers in the United Kingdom and Ireland, and it also engages in energy trading and services. It has a significant presence in the UK energy market, focusing on the provision of energy and related services to meet the needs of its customers.

YTD Price Performance: 2.17%

Average Trading Volume: 21,314,792

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £6.84B

For detailed information about CNA stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App