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Pets at Home ( (GB:PETS) ) has provided an update.
Pets at Home Group Plc has executed a share buyback program, purchasing 70,000 ordinary shares at prices ranging from 202.40 GBp to 204.60 GBp. The purchased shares will be canceled, reducing the total number of shares in issue to 451,196,267. This move is part of the company’s strategy to manage its capital structure 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, including pet food, accessories, and veterinary services. The company focuses on providing comprehensive pet care solutions to enhance the well-being of pets and their owners.
Average Trading Volume: 1,055,216
Technical Sentiment Signal: Strong Sell
Current Market Cap: £902.8M
For detailed information about PETS stock, go to TipRanks’ Stock Analysis page.