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The latest announcement is out from Pets at Home ( (GB:PETS) ).
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its own ordinary shares at prices ranging from 251.40 GBp to 259.20 GBp, with an average price of 254.3806 GBp. The repurchased shares will be cancelled, reducing the total number of shares in issue to 458,231,054, which will affect the total voting rights and may have implications for shareholders’ notification obligations under the FCA’s rules.
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 and offering veterinary services, catering to the needs of pet owners across the UK.
Average Trading Volume: 1,134,417
Technical Sentiment Signal: Buy
Current Market Cap: £1.19B
Learn more about PETS stock on TipRanks’ Stock Analysis page.