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Pets at Home ( (GB:PETS) ) has shared an update.
Pets at Home Group Plc has executed a share buyback program, purchasing 69,300 of its ordinary shares at a volume-weighted average price of 202.33 GBp per share. This move, which will result in the cancellation of the purchased shares, reduces the total number of shares in issue to 451,336,267, potentially impacting shareholder voting rights and interest calculations.
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 range of products and services for pet owners. The company focuses on retailing pet supplies, offering veterinary services, and grooming for pets, catering to a broad market of pet enthusiasts.
Average Trading Volume: 1,076,721
Technical Sentiment Signal: Strong Sell
Current Market Cap: £902.3M
For a thorough assessment of PETS stock, go to TipRanks’ Stock Analysis page.