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Pets at Home ( (GB:PETS) ) has issued an update.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares at prices ranging from 223.80 GBp to 226.20 GBp per share. This move will result in the cancellation of the purchased shares, reducing the total number of shares in issue to 454,719,713, which will also be the new total voting rights figure. This action is part of the company’s ongoing efforts to manage its capital structure and potentially enhance shareholder value.
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 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 enthusiasts across the UK.
Average Trading Volume: 719,786
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.01B
For detailed information about PETS stock, go to TipRanks’ Stock Analysis page.