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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 at prices ranging from 257.00 to 260.00 GBp per share. This move, conducted through Deutsche Numis, will result in the cancellation of the purchased shares, leaving the company with 458,651,054 shares in issue. The transaction is expected to impact the company’s total voting rights and may influence shareholder notifications under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:PETS) stock is a Hold with a £2.85 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 care industry, offering a range of products and services for pet owners, including pet food, grooming, and veterinary services. The company focuses on providing comprehensive pet care solutions to its customers.
Average Trading Volume: 1,224,647
Technical Sentiment Signal: Hold
Current Market Cap: £1.17B
Learn more about PETS stock on TipRanks’ Stock Analysis page.