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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 a volume-weighted average price of 244.1644 GBp per share. This transaction reduces the total number of shares in issue to 456,831,054, impacting the company’s total voting rights and potentially influencing shareholder interests.
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’s overall stock score reflects solid financial performance and attractive valuation metrics. While technical analysis provides mixed signals, the company’s strategic initiatives, including a share buyback program, bolster its market position.
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 wide 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: 872,824
Technical Sentiment Signal: Hold
Current Market Cap: £1.12B
For a thorough assessment of PETS stock, go to TipRanks’ Stock Analysis page.