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Pets at Home ( (GB:PETS) ) just unveiled an announcement.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares at prices ranging from 191.00 GBp to 228.40 GBp, with an average price of 198.5595 GBp. The shares will be canceled, reducing the total number of shares in issue to 454,439,713, which will impact the company’s voting rights and potentially influence shareholder interest calculations.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £255.00 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 shows strong financial performance with consistent revenue growth and effective cash flow management. The valuation is attractive with a reasonable P/E ratio and high dividend yield. However, technical indicators suggest potential short-term weakness, which slightly offsets the overall positive outlook.
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, including pet food, accessories, and veterinary services. The company focuses on providing comprehensive pet care solutions to its customers.
Average Trading Volume: 710,304
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.03B
For detailed information about PETS stock, go to TipRanks’ Stock Analysis page.