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Pets at Home ( (GB:PETS) ) has issued an update.
Pets at Home Group Plc has announced the purchase of 70,000 of its own ordinary shares as part of its share buyback program. The shares, bought at prices ranging from 192.30 GBp to 197.00 GBp, will be cancelled, reducing the total number of shares in issue to 454,369,713, which will also be the total voting rights in the company. This move is part of the company’s strategy to manage its capital structure and could potentially impact shareholder value by increasing earnings per share.
The most recent analyst rating on (GB:PETS) stock is a Hold with a £209.00 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 Neutral.
Pets at Home’s stock score is driven by strong financial performance and attractive valuation. However, technical indicators suggest bearish momentum, which could pose short-term risks. The absence of earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:PETS stock, click here.
More about Pets at Home
Average Trading Volume: 901,751
Technical Sentiment Signal: Sell
Current Market Cap: £865.2M
See more data about PETS stock on TipRanks’ Stock Analysis page.