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The latest announcement is out from Pets at Home ( (GB:PETS) ).
Pets at Home Group Plc announced the purchase of 70,000 of its own ordinary shares as part of its ongoing share buyback program. The shares, acquired at a volume-weighted average price of 238.4601 GBp, will be cancelled, reducing the total number of shares in issue to 457,531,054. This move is part of the company’s strategy to enhance shareholder value and optimize its capital structure.
The most recent analyst rating on (GB:PETS) stock is a Hold with a £2.60 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.
The overall stock score of 71 reflects strong valuation and positive corporate events. However, the technical analysis indicates bearish momentum, and financial performance, though solid, has room for improvement in profitability and equity reinvestment.
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, providing a range of products and services for pet owners. The company focuses on retailing pet supplies and offering veterinary services, positioning itself as a comprehensive provider for pet care needs.
Average Trading Volume: 959,848
Technical Sentiment Signal: Hold
Current Market Cap: £1.09B
Learn more about PETS stock on TipRanks’ Stock Analysis page.