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Pets at Home ( (GB:PETS) ) has provided an announcement.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 of its ordinary shares at prices ranging from 206.00 GBp to 210.80 GBp. The repurchased shares will be cancelled, reducing the total number of shares in issue to 451,545,554. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding, which could impact the company’s stock price and voting rights.
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, providing a wide range of products and services for pet owners, including pet food, accessories, and veterinary services. The company focuses on the UK market, catering to the needs of pet enthusiasts and owners.
Average Trading Volume: 1,075,808
Technical Sentiment Signal: Sell
Current Market Cap: £945.4M
For a thorough assessment of PETS stock, go to TipRanks’ Stock Analysis page.