TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
The latest update is out from Pets at Home ( (GB:PETS) ).
Pets at Home Group Plc announced the purchase of 70,000 of its own ordinary shares as part of its ongoing share buyback program. The shares, bought at prices ranging from 201.80 GBp to 206.60 GBp, will be cancelled, reducing the total number of shares in issue to 452,176,143. This move is likely to impact the company’s market positioning by potentially increasing shareholder value and adjusting the total voting rights.
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 food, accessories, and veterinary services, catering to the needs of pet owners across the UK.
Average Trading Volume: 1,039,736
Technical Sentiment Signal: Sell
Current Market Cap: £918.3M
See more insights into PETS stock on TipRanks’ Stock Analysis page.