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Pets at Home ( (GB:PETS) ) just unveiled an announcement.
Pets at Home Group Plc has executed a share buyback transaction, purchasing 70,000 of its ordinary shares at prices ranging from 243.50 to 245.20 GBp per share. This move is part of its ongoing share buyback programme, aiming to reduce the number of shares in circulation and potentially enhance shareholder value. Following this transaction, the total number of voting rights in the company stands at 456,971,054, which stakeholders can use for notification obligations under the FCA’s rules.
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 Neutral.
Pets at Home’s overall stock score is driven by strong financial performance and positive corporate events, highlighting robust cash flow management and strategic share buybacks. However, bearish technical indicators and a need for improvement in net profit margins moderate the score. The valuation suggests potential undervaluation, supported by a high dividend yield.
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, catering to the needs of pet owners across the UK.
Average Trading Volume: 891,903
Technical Sentiment Signal: Sell
Current Market Cap: £1.1B
Find detailed analytics on PETS stock on TipRanks’ Stock Analysis page.