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The latest announcement is out from Pets at Home ( (GB:PETS) ).
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares at prices ranging from 209.80 GBp to 213.00 GBp, with an average price of 211.95 GBp per share. The purchased shares will be cancelled, reducing the total number of shares in issue to 451,615,554, which will also be the total voting rights in the company. This move is part of their ongoing strategy to manage capital and potentially enhance shareholder value.
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’s overall score reflects strong financial performance and attractive valuation, supported by a high dividend yield. The ongoing share buyback program is a positive corporate action, although recent retail challenges and a profit warning introduce some risk factors.
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, grooming, and veterinary services, catering to the needs of pet owners across the UK.
Average Trading Volume: 1,075,346
Technical Sentiment Signal: Sell
Current Market Cap: £945.5M
Find detailed analytics on PETS stock on TipRanks’ Stock Analysis page.