Centrica ( (GB:CNA) ) has shared an update.
Centrica plc announced the purchase of 200,000 of its own ordinary shares at a price of 143.98 pence per share, as part of its extended 2024-25 buyback program. This transaction, facilitated through Merrill Lynch International, reflects the company’s ongoing efforts to manage its capital structure and enhance shareholder value. Following this purchase, Centrica holds a substantial number of shares in treasury, indicating a strategic move to bolster its market position and potentially increase earnings per share.
More about Centrica
Centrica plc is a British multinational energy company, primarily involved in the supply of electricity and gas to consumers in the UK. It is listed on the London Stock Exchange and focuses on providing energy services and solutions.
YTD Price Performance: 8.16%
Average Trading Volume: 24,953,862
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £7.2B
Learn more about CNA stock on TipRanks’ Stock Analysis page.