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Pets at Home ( (GB:PETS) ) has shared an announcement.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares through Deutsche Numis. The shares, bought at prices ranging from 262.40 GBp to 265.60 GBp, will be cancelled, reducing the total number of shares in issue to 458,931,054. This move aligns with the company’s strategic financial management, potentially impacting shareholder value and market perception.
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 demonstrates strong financial health with stable revenue growth and a solid balance sheet, though profitability and cash flow generation face some pressure. Technical indicators suggest positive momentum, although there may be short-term overbought conditions. An attractive valuation with a low P/E ratio and high dividend yield enhances its investment case.
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 retail 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 enthusiasts across the UK.
Average Trading Volume: 1,293,328
Technical Sentiment Signal: Buy
Current Market Cap: £1.21B
Find detailed analytics on PETS stock on TipRanks’ Stock Analysis page.