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Pets at Home ( (GB:PETS) ) has issued an update.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares at prices ranging from 236.80 GBp to 241.40 GBp. These shares will be canceled, reducing the total number of shares in issue to 457,461,054, which will affect the total voting rights and may require shareholders to adjust their notifications under FCA rules.
The most recent analyst rating on (GB:PETS) stock is a Hold with a £2.85 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 overall stock score is driven by strong financial performance and positive corporate events, highlighting robust cash flow management and strategic share buybacks. However, bearish technical indicators and a need for improvement in net profit margins moderate the score. The valuation suggests potential undervaluation, supported by a high dividend yield.
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, grooming, and veterinary services, catering to the needs of pet owners across the UK.
Average Trading Volume: 959,848
Technical Sentiment Signal: Sell
Current Market Cap: £1.09B
For detailed information about PETS stock, go to TipRanks’ Stock Analysis page.