tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Pets at Home Executes Share Buyback Program

Story Highlights
Pets at Home Executes Share Buyback Program

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1