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The latest update is out from Pets at Home ( (GB:PETS) ).
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares at prices ranging from 244.80 GBp to 247.20 GBp, with an average price of 245.8453 GBp. The repurchased shares will be canceled, reducing the total number of shares in issue to 457,951,054, which will also be the new total voting rights figure. This move is part of the company’s strategy to manage its capital structure and potentially enhance 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.
The overall stock score reflects a strong valuation with reasonable income prospects and a solid financial performance. While technical indicators show some weakness, the potential for a rebound is present. The absence of earnings call data limits additional insights.
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 retail industry, specializing in pet care products and services. The company focuses on providing a wide range of pet supplies, veterinary services, and grooming services to pet owners across the UK.
Average Trading Volume: 1,021,940
Technical Sentiment Signal: Buy
Current Market Cap: £1.12B
Find detailed analytics on PETS stock on TipRanks’ Stock Analysis page.