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Pets at Home ( (GB:PETS) ) has shared an update.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares through Deutsche Numis. The shares, bought at prices ranging from 227.40 to 230.00 GBp, will be cancelled, leaving the company with 455,559,713 shares in issue. This move is part of the company’s strategy to manage its capital structure and may impact shareholder voting rights, as the total voting rights will now reflect the reduced number of shares.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £252.00 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 stock score is primarily driven by its strong financial performance and attractive valuation. The company’s consistent revenue growth and robust cash flow management are significant strengths. However, technical indicators suggest a bearish trend, which slightly offsets the positive financial and valuation aspects.
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 supplies, grooming, and veterinary services, catering to the needs of pet enthusiasts across the UK.
Average Trading Volume: 818,028
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.03B
Learn more about PETS stock on TipRanks’ Stock Analysis page.