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Pets at Home ( (GB:PETS) ) has provided an update.
Pets at Home Group Plc has announced the purchase and cancellation of 70,000 of its ordinary shares as part of its ongoing share buyback programme. This transaction, conducted through Deutsche Numis, adjusts the total number of voting rights to 456,481,054, potentially impacting shareholder interests and market positioning.
The most recent analyst rating on (GB:PETS) stock is a Hold with a £2.60 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 is driven by strong financial performance and attractive valuation. The consistent revenue growth and effective cash management are significant strengths. Technical indicators suggest some short-term challenges, but the stock offers a good dividend yield, contributing positively to its valuation.
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 enthusiasts across the UK.
Average Trading Volume: 878,133
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1B
For an in-depth examination of PETS stock, go to TipRanks’ Overview page.