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Pets at Home Executes Share Buyback, Adjusts Voting Rights

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Pets at Home Executes Share Buyback, Adjusts Voting Rights

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Pets at Home ( (GB:PETS) ) has shared an announcement.

Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares, with prices ranging between 228.80 GBp and 233.80 GBp. This move reduces the total number of shares in issue to 455,629,713, which will impact the company’s voting rights structure and may influence shareholder interest calculations under regulatory guidelines.

The most recent analyst rating on (GB:PETS) stock is a Buy with a £266.00 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 score. While technical indicators suggest caution due to potential overbought conditions, the company’s solid financial health and appealing dividend yield make it a compelling investment.

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, and veterinary services, catering to the needs of pet owners across the UK.

Average Trading Volume: 818,349

Technical Sentiment Signal: Sell

Current Market Cap: £1.06B

Find detailed analytics on PETS stock on TipRanks’ Stock Analysis page.

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