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Pets at Home ( (GB:PETS) ) has shared an update.
Pets at Home Group Plc has executed a share buyback programme, purchasing 11,341 of its ordinary shares through Deutsche Numis. The shares will be cancelled, reducing the total number of shares in issue to 455,909,713, which will also be the new total voting rights. This move is part of the company’s strategy to manage its capital structure and could impact shareholder value by potentially increasing earnings per share.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £250.00 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 stock score is driven by strong financial performance and attractive valuation, offset by bearish technical indicators. The active share buyback program further supports shareholder value, making it a potentially appealing investment despite current market momentum challenges.
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, positioning itself as a comprehensive provider for pet care needs.
Average Trading Volume: 819,868
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.03B
Find detailed analytics on PETS stock on TipRanks’ Stock Analysis page.