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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 202.00 GBp to 207.40 GBp, with an average price of 204.75 GBp. This move, part of a previously announced buyback initiative, will result in the cancellation of the purchased shares, reducing the total number of shares in issue to 452,106,143. This action is expected to impact the company’s market positioning by potentially increasing shareholder value and adjusting the total voting rights available.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £243.00 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 technical indicators suggest a neutral trend, while the valuation is attractive with a reasonable P/E ratio and high dividend yield. The absence of earnings call and corporate events data does not impact 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: 1,043,963
Technical Sentiment Signal: Sell
Current Market Cap: £906.5M
For detailed information about PETS stock, go to TipRanks’ Stock Analysis page.