Pets at Home Launches £25 Million Share Buyback Programme

Pets at Home ( (GB:PETS) ) just unveiled an announcement.

Pets at Home Group Plc has announced the start of a £25 million share buyback programme, aimed at reducing the company’s share capital. The programme will be conducted in two tranches, with the first tranche managed by Numis Securities Limited and expected to conclude by 26 September 2025. The initiative reflects the company’s strategic financial management and is subject to shareholder approval at the upcoming annual general meeting.

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 is the UK’s leading pet care business, offering a wide range of pet products and services. These include over 450 pet care centres, many with vet practices and grooming salons, as well as a small animal veterinary business with over 440 general practices.

Average Trading Volume: 1,274,707

Technical Sentiment Signal: Buy

Current Market Cap: £1.18B

Learn more about PETS stock on TipRanks’ Stock Analysis page.