Pets at Home Group Plc (LON:PETS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Pets at Home Group Plc (LON:PETSGet Rating) have earned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is GBX 427 ($5.16).

A number of equities research analysts have recently weighed in on PETS shares. Shore Capital restated a “buy” rating on shares of Pets at Home Group in a research note on Thursday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 385 ($4.65) price target on shares of Pets at Home Group in a report on Monday, August 8th. Berenberg Bank decreased their price target on Pets at Home Group from GBX 510 ($6.16) to GBX 470 ($5.68) and set a “buy” rating for the company in a report on Wednesday, June 15th. Finally, Royal Bank of Canada cut Pets at Home Group to an “underperform” rating and cut their price objective for the company from GBX 330 ($3.99) to GBX 280 ($3.38) in a research report on Monday, July 4th.

Pets at Home Group Stock Up 3.3 %

Shares of PETS opened at GBX 321 ($3.88) on Monday. The company has a market cap of £1.58 billion and a PE ratio of 1,337.50. The business has a fifty day moving average of GBX 320.94 and a 200 day moving average of GBX 327.45. Pets at Home Group has a 52-week low of GBX 266.80 ($3.22) and a 52-week high of GBX 524.50 ($6.34). The company has a quick ratio of 0.69, a current ratio of 1.03 and a debt-to-equity ratio of 45.72.

Insider Buying and Selling

In related news, insider Michael Iddon sold 19,762 shares of the business’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of GBX 323 ($3.90), for a total transaction of £63,831.26 ($77,128.15).

Pets at Home Group Company Profile

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Pets at Home Group Plc engages in the specialist omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom. It operates through three segments: Retail, Vet Group, and Central. The company offers a range of pet foods for dogs, cats, small animals, fish, reptiles, and birds.

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Analyst Recommendations for Pets at Home Group (LON:PETS)

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