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Centrica ( (GB:CNA) ) has shared an update.
Centrica plc has announced the purchase of 500,000 of its own ordinary shares at a price of 124.9100 pence per share, as part of its ongoing share buyback program. This transaction, conducted through Goldman Sachs International, adds to the 123,751,768 ordinary shares already acquired since August 2024, totaling a cost of over £150 million. This strategic move is aimed at enhancing shareholder value by reducing the number of shares in circulation, which can potentially increase earnings per share and improve market confidence in the company’s financial health.
More about Centrica
Centrica plc is a leading energy company listed on the London Stock Exchange, primarily engaged in the provision of electricity and gas services. The company operates within the utilities sector, focusing on energy supply and solutions across the UK and international markets.
YTD Price Performance: -8.25%
Average Trading Volume: 25,340,808
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £6.32B
For detailed information about CNA stock, go to TipRanks’ Stock Analysis page.
