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An announcement from Pets at Home ( (GB:PETS) ) is now available.
Pets at Home Group Plc announced the purchase of 70,000 of its own ordinary shares as part of its ongoing share buyback programme. This move, executed through Deutsche Numis, is aimed at reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. The cancellation of these shares results in a total of 454,579,713 voting rights in the company, which stakeholders can use for their interest calculations under FCA regulations.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £253.00 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 strong financial performance and attractive valuation are the primary drivers of its overall score. However, the bearish technical indicators suggest caution, as the stock may face short-term challenges. The absence of recent earnings call data and corporate events means these factors do not influence the score.
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, grooming, and veterinary services, catering to the needs of pet enthusiasts across the UK.
Average Trading Volume: 714,209
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.01B
For detailed information about PETS stock, go to TipRanks’ Stock Analysis page.