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Pets at Home ( (GB:PETS) ) has issued an update.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares at prices ranging from 229.20 GBp to 236.60 GBp, with an average price of 231.5260 GBp. The acquired shares will be cancelled, reducing the total number of shares in issue to 456,761,054, which will affect the company’s voting rights and potentially influence shareholder value.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £330.00 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 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, providing a range of products and services for pet owners. The company focuses on offering pet food, accessories, and veterinary services, catering to the needs of pet enthusiasts across the UK.
Average Trading Volume: 872,824
Technical Sentiment Signal: Sell
Current Market Cap: £1.12B
See more data about PETS stock on TipRanks’ Stock Analysis page.