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Pets at Home ( (GB:PETS) ) has provided an announcement.
Pets at Home Group Plc has executed a share buyback transaction, purchasing 70,000 of its ordinary shares as part of its previously announced buyback program. The shares were bought at prices ranging from 202.00 GBp to 204.40 GBp and will be canceled, reducing the total number of shares in issue to 451,266,267. This move is expected to impact the company’s share capital structure and could influence shareholder value by increasing earnings per share.
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. The company focuses on providing pet food, accessories, and veterinary services, catering to the needs of pet owners across the UK.
Average Trading Volume: 1,067,390
Technical Sentiment Signal: Strong Sell
Current Market Cap: £902.8M
See more insights into PETS stock on TipRanks’ Stock Analysis page.