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Pets at Home ( (GB:PETS) ) has provided an announcement.
Pets at Home Group Plc announced the purchase of 70,000 of its own ordinary shares as part of its ongoing share buyback program. This move, executed through Deutsche Numis, resulted in a volume-weighted average price of 224.2673 GBp per share. The purchased shares will be cancelled, reducing the total number of shares in issue to 455,209,713, which also represents the total voting rights in the company. This strategic action is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
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, offering a range of products and services for pet owners, including pet food, accessories, and veterinary services. The company focuses on providing comprehensive care solutions for pets, catering to the needs of pet owners across the UK.
Average Trading Volume: 731,010
Technical Sentiment Signal: Strong Sell
Current Market Cap: £1.01B
For detailed information about PETS stock, go to TipRanks’ Stock Analysis page.