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Pets at Home ( (GB:PETS) ) has issued an announcement.
Pets at Home Group Plc announced the purchase of 50,854 of its own ordinary shares as part of its ongoing share buyback program. The shares, purchased at prices ranging from 212.40 GBp to 215.80 GBp, will be cancelled, reducing the total number of shares in issue and potentially enhancing shareholder value by increasing earnings per share. This move aligns with the company’s strategy to optimize its capital structure and deliver returns to shareholders.
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 enthusiasts across the UK.
Average Trading Volume: 1,026,357
Technical Sentiment Signal: Sell
Current Market Cap: £956.4M
Find detailed analytics on PETS stock on TipRanks’ Stock Analysis page.