Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Pets at Home ( (GB:PETS) ) just unveiled an update.
Pets at Home Group Plc has announced the purchase of 70,000 of its own ordinary shares as part of its ongoing share buyback program. This transaction, executed through Deutsche Numis, will result in the cancellation of the purchased shares, reducing the total number of shares in issue to 454,789,713. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £253.00 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 overall score. However, the bearish technical indicators suggest caution, as the stock may face short-term challenges. The absence of recent earnings call data and corporate events means these factors do not influence the score.
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 comprehensive pet care solutions, including pet food, accessories, grooming, and veterinary services, catering to the needs of pet owners across the UK.
Average Trading Volume: 714,890
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.01B
See more insights into PETS stock on TipRanks’ Stock Analysis page.