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Pets at Home ( (GB:PETS) ) just unveiled an update.
Pets at Home Group Plc has announced the repurchase of 70,000 of its ordinary shares as part of its ongoing share buyback program. The shares, bought at prices ranging from 205.80 GBp to 208.80 GBp, will be cancelled, reducing the total number of voting rights to 452,316,143. This move is part of the company’s strategy to enhance shareholder value and manage its capital structure effectively.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £243.00 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 shows strong financial performance with consistent revenue growth and effective cash flow management. The technical indicators suggest a neutral trend, while the valuation is attractive with a reasonable P/E ratio and high dividend yield. The absence of earnings call and corporate events data does not impact 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 pet supplies, veterinary services, and grooming, positioning itself as a comprehensive provider for pet-related needs.
Average Trading Volume: 1,028,271
Technical Sentiment Signal: Strong Sell
Current Market Cap: £919.5M
Learn more about PETS stock on TipRanks’ Stock Analysis page.