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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 ordinary shares at prices ranging from 224.00 GBp to 225.40 GBp. The repurchased shares will be cancelled, reducing the total number of shares in issue to 456,131,054, which will impact the company’s voting rights and shareholder calculations under regulatory guidelines.
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 attractive valuation, offset by bearish technical indicators. The active share buyback program further supports shareholder value, making it a potentially appealing investment despite current market momentum challenges.
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 providing pet food, accessories, and veterinary services, catering to the needs of pet owners across the UK.
Average Trading Volume: 850,135
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.01B
Find detailed analytics on PETS stock on TipRanks’ Stock Analysis page.