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An update from Pets at Home ( (GB:PETS) ) is now available.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares through Deutsche Numis, with prices ranging from 260.40 GBp to 264.20 GBp per share. The acquired shares will be canceled, reducing the total number of shares in issue to 458,511,054, which will impact the company’s voting rights and potentially influence 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 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, providing a range of products and services for pet owners. The company focuses on retailing pet supplies, offering veterinary services, and grooming services, catering to the needs of pet owners across the UK.
Average Trading Volume: 1,221,242
Technical Sentiment Signal: Buy
Current Market Cap: £1.18B
Learn more about PETS stock on TipRanks’ Stock Analysis page.