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Pets at Home ( (GB:PETS) ) has provided an announcement.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares through Deutsche Numis. The shares, bought at prices ranging from 191.00 GBp to 228.40 GBp, will be cancelled, reducing the total number of shares in issue to 454,439,713. This move is part of the company’s strategy to manage its capital structure and may impact shareholder voting rights and market perceptions.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £255.00 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 shows strong financial performance with consistent revenue growth and effective cash flow management. The valuation is attractive with a reasonable P/E ratio and high dividend yield. However, technical indicators suggest potential short-term weakness, which slightly offsets the overall positive outlook.
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 food, accessories, and veterinary services, catering to the needs of pet enthusiasts across the UK.
Average Trading Volume: 710,304
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.03B
For an in-depth examination of PETS stock, go to TipRanks’ Overview page.