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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 ongoing share buyback programme. The shares were bought at prices ranging from 209.60 GBp to 215.80 GBp and will be cancelled, reducing the total number of shares in issue to 452,036,143. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
The most recent analyst rating on (GB:PETS) stock is a Buy with a £265.00 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 shows strong financial performance with consistent revenue growth and effective cash flow management. The technical indicators suggest a neutral trend, while the valuation is attractive with a reasonable P/E ratio and high dividend yield. The absence of earnings call and corporate events data does not impact the score.
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 wide 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 enthusiasts in the UK market.
Average Trading Volume: 1,043,713
Technical Sentiment Signal: Sell
Current Market Cap: £925.2M
Learn more about PETS stock on TipRanks’ Stock Analysis page.