Pets at Home Cancels 70,000 Shares in Ongoing Buyback

Pets at Home ( (GB:PETS) ) just unveiled an announcement.

Pets at Home has continued executing its previously announced share buyback programme, repurchasing 70,000 ordinary shares on 20 February at prices ranging from 221p to 229.2p, with a volume-weighted average price of 226.26p. The repurchased shares will be cancelled, reducing the number of shares in issue to 448,536,594 and slightly increasing existing investors’ proportional holdings and voting power under the FCA’s disclosure and transparency regime.

The most recent analyst rating on (GB:PETS) stock is a Sell with a £195.00 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 overall score reflects strong financial performance and attractive valuation, supported by a high dividend yield. The ongoing share buyback program is a positive corporate action, although recent retail challenges and a profit warning introduce some risk factors.

To see Spark’s full report on GB:PETS stock, click here.

More about Pets at Home

Pets at Home Group Plc is a UK-based pet care retailer offering pet products, accessories and services, including veterinary care and grooming, aimed at domestic pet owners across the country. Listed in London, it operates in the consumer retail sector with a focus on the growing pet care and wellness market.

Average Trading Volume: 773,361

Technical Sentiment Signal: Hold

Current Market Cap: £977.2M

For a thorough assessment of PETS stock, go to TipRanks’ Stock Analysis page.