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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 own ordinary shares through Deutsche Numis. The shares, bought at prices ranging from 192.10 GBp to 199.10 GBp, will be cancelled, reducing the total number of shares in issue to 454,299,713. 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 £250.00 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 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 food, accessories, and veterinary services, catering to pet owners’ needs across the UK market.
Average Trading Volume: 901,751
Technical Sentiment Signal: Sell
Current Market Cap: £865.2M
For a thorough assessment of PETS stock, go to TipRanks’ Stock Analysis page.