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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 programme. The shares were bought at prices ranging from 243.50 GBp to 245.20 GBp and will be cancelled, reducing the total number of shares in issue to 456,971,054. 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 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 Neutral.
Pets at Home’s overall stock score is driven by strong financial performance and positive corporate events, highlighting robust cash flow management and strategic share buybacks. However, bearish technical indicators and a need for improvement in net profit margins moderate the score. The valuation suggests potential undervaluation, supported by a high dividend yield.
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 retailing pet supplies, providing veterinary services, and offering grooming services to cater to the needs of pet owners across the UK.
Average Trading Volume: 891,903
Technical Sentiment Signal: Sell
Current Market Cap: £1.1B
See more data about PETS stock on TipRanks’ Stock Analysis page.