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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 between 224.40 GBp and 226.80 GBp. This move will result in the cancellation of these shares, adjusting the total number of voting rights to 456,411,054, which may affect shareholder calculations under the FCA’s Disclosure Guidance and Transparency 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’s overall stock score is driven by strong financial performance and strategic corporate actions like share buybacks, which enhance shareholder value. However, bearish technical indicators and a challenging market environment weigh on the score.
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, focusing on pet care products and services. The company provides a range of products for pets and their owners, including food, accessories, and veterinary services, catering to the pet care market.
Average Trading Volume: 878,133
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1B
See more insights into PETS stock on TipRanks’ Stock Analysis page.