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Pets at Home ( (GB:PETS) ) has shared an announcement.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares at prices ranging from 223.00 GBp to 227.60 GBp. This move, conducted through Deutsche Numis, reduces the total number of shares in issue to 454,859,713, potentially impacting shareholder voting rights and market perception.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £253.00 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 strong financial performance and attractive valuation are the primary drivers of its overall score. However, the bearish technical indicators suggest caution, as the stock may face short-term challenges. The absence of recent earnings call data and corporate events means these factors do not influence 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, primarily focusing on pet products and services. The company offers a wide range of pet supplies, including food, accessories, and healthcare products, catering to pet owners across the UK.
Average Trading Volume: 713,500
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.04B
For detailed information about PETS stock, go to TipRanks’ Stock Analysis page.