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Pets at Home ( (GB:PETS) ) just unveiled an announcement.
Pets at Home Group Plc announced the purchase and cancellation of 69,731 of its ordinary shares as part of its ongoing share buyback program. This transaction reduces the total number of shares in issue to 453,989,470, potentially impacting shareholder voting rights and reflecting the company’s strategy to 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 services, and veterinary care, catering to the needs of pet owners in the UK market.
Average Trading Volume: 1,037,462
Technical Sentiment Signal: Sell
Current Market Cap: £962.2M
Learn more about PETS stock on TipRanks’ Stock Analysis page.