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Pets at Home ( (GB:PETS) ) has shared an update.
Pets at Home Group Plc announced the purchase of 70,000 of its own ordinary shares as part of its ongoing share buyback program. The shares, purchased at an average price of 250.5172 GBp, will be cancelled, reducing the total number of shares in issue to 458,091,054. This move is part of the company’s strategy to enhance shareholder value and optimize its capital structure.
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 Outperform.
Pets at Home demonstrates strong financial health with stable revenue growth and a solid balance sheet, though profitability and cash flow generation face some pressure. Technical indicators suggest positive momentum, although there may be short-term overbought conditions. An attractive valuation with a low P/E ratio and high dividend yield enhances its investment case.
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 pet care solutions to enhance the well-being of pets and their owners.
Average Trading Volume: 1,066,387
Technical Sentiment Signal: Buy
Current Market Cap: £1.12B
For detailed information about PETS stock, go to TipRanks’ Stock Analysis page.