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The latest announcement is out from Pets at Home ( (GB:PETS) ).
Pets at Home Group Plc announced the purchase of 70,000 of its own ordinary shares as part of its share buyback program, with prices ranging from 228.60 GBp to 231.80 GBp per share. This transaction reduces the total number of shares in issue to 454,999,713, impacting the company’s voting rights and potentially signaling confidence in its financial health to stakeholders.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £252.00 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 stock score is primarily driven by its strong financial performance and attractive valuation. The company’s consistent revenue growth and robust cash flow management are significant strengths. However, technical indicators suggest a bearish trend, which slightly offsets the positive financial and valuation aspects.
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 and offering veterinary services, positioning itself as a comprehensive provider for pet care needs.
Average Trading Volume: 714,615
Technical Sentiment Signal: Sell
Current Market Cap: £1.03B
Learn more about PETS stock on TipRanks’ Stock Analysis page.