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Pets at Home ( (GB:PETS) ) just unveiled an update.
Pets at Home Group Plc announced the purchase of 70,000 of its own ordinary shares as part of its ongoing share buyback program. The shares were bought at prices ranging from 218.00 GBp to 220.40 GBp and will be cancelled, reducing the total number of shares in circulation to 453,505,265. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £248.00 price target. To see the full list of analyst forecasts on Pets at Home stock, see the GB:PETS Stock Forecast page.
Spark’s Take on GB:PETS Stock
According to Spark, TipRanks’ AI Analyst, GB:PETS is a Outperform.
Pets at Home’s overall stock score is driven by its strong financial performance and attractive valuation. While technical indicators suggest caution due to bearish momentum, the company’s solid financial health and appealing valuation metrics provide a strong foundation for potential investors.
To see Spark’s full report on GB:PETS stock, click here.
More about Pets at Home
Pets at Home Group Plc operates in the pet care industry, offering a range of products and services for pet owners. The company focuses on providing pet supplies, grooming, and veterinary services, catering to the needs of pet enthusiasts across the UK.
Average Trading Volume: 1,060,710
Technical Sentiment Signal: Strong Sell
Current Market Cap: £995.6M
Find detailed analytics on PETS stock on TipRanks’ Stock Analysis page.