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Pets at Home ( (GB:PETS) ) has shared an announcement.
Pets at Home Group Plc has announced a recent transaction involving the purchase of 70,000 of its own ordinary shares as part of its ongoing share buyback program. The shares, acquired at an average price of 227.1233 GBp, will be canceled, reducing the total number of shares in circulation and potentially increasing the value for existing shareholders. This move reflects the company’s strategy to optimize its capital structure and enhance shareholder value.
The most recent analyst rating on (GB:PETS) stock is a Hold with a £2.60 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, providing a range of products and services for pet owners. The company focuses on retailing pet supplies, offering grooming services, and veterinary care, catering to the needs of pet enthusiasts across the UK.
Average Trading Volume: 821,776
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.02B
For detailed information about PETS stock, go to TipRanks’ Stock Analysis page.