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Pets at Home ( (GB:PETS) ) has issued an announcement.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares at prices ranging from 221.20 GBp to 226.20 GBp. The repurchased shares will be canceled, adjusting the total number of shares in issue to 456,621,054. 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.
Pets at Home’s overall score is driven by strong financial performance and attractive valuation. The consistent revenue growth and effective cash management are significant strengths. Technical indicators suggest some short-term challenges, but the stock offers a good dividend yield, contributing positively to its valuation.
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. The company focuses on pet supplies, grooming, and veterinary services, catering to the needs of pet enthusiasts and their animals.
Average Trading Volume: 886,823
Technical Sentiment Signal: Strong Sell
Current Market Cap: £993M
See more insights into PETS stock on TipRanks’ Stock Analysis page.