Deutsche Bank Aktiengesellschaft Lowers Pets at Home Group (LON:PETS) Price Target to GBX 215

Pets at Home Group (LON:PETS) had its price target lowered by research analysts at Deutsche Bank Aktiengesellschaft from GBX 275 to GBX 215 in a research report issued on Thursday, Marketbeat reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 11.51% from the stock’s previous close.

Several other equities research analysts have also weighed in on PETS. Shore Capital restated a “no recommendation” rating on shares of Pets at Home Group in a research report on Thursday, July 31st. Canaccord Genuity Group restated a “buy” rating and set a GBX 300 price target on shares of Pets at Home Group in a research report on Thursday, May 29th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Pets at Home Group currently has an average rating of “Moderate Buy” and an average target price of GBX 253.33.

Pets at Home Group Trading Down 0.1%

LON PETS opened at GBX 192.80 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 43.13. Pets at Home Group has a twelve month low of GBX 175.50 and a twelve month high of GBX 317. The firm has a market capitalization of £866.85 million, a PE ratio of 1,025.53, a P/E/G ratio of 2.66 and a beta of 0.69. The stock’s 50 day moving average is GBX 229.57 and its 200 day moving average is GBX 239.72.

Pets at Home Group announced that its board has approved a stock buyback program on Monday, June 9th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

About Pets at Home Group

We are the UK’s leading pet care business, providing pet owners with everything they need to be able to look after their pet – from food, toys and bedding, and grooming services, right the way through to first opinion veterinary care.

Our stores represent a unique environment and provide a practical, fun and unique experience for pet owners.