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Pets at Home ( (GB:PETS) ) just unveiled an announcement.
Pets at Home Group Plc has announced the purchase of 70,000 of its own ordinary shares as part of its ongoing share buyback programme. The shares, acquired at prices ranging from 210.20 GBp to 214.00 GBp, will be cancelled, reducing the total number of shares in issue to 454,180,055. This move is likely to impact the company’s market positioning by potentially increasing shareholder value and adjusting the total voting rights, which stakeholders can use for notification obligations under regulatory guidelines.
The most recent analyst rating on (GB:PETS) stock is a Hold with a £2.20 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 Neutral.
Pets at Home’s stock score is driven by strong financial performance and attractive valuation. However, technical indicators suggest bearish momentum, which could pose short-term risks. The absence of earnings call data and corporate events limits additional insights.
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, veterinary services, and grooming services, catering to the needs of pet owners across the UK.
Average Trading Volume: 1,026,399
Technical Sentiment Signal: Sell
Current Market Cap: £956.4M
For an in-depth examination of PETS stock, go to TipRanks’ Overview page.