Pets at Home Group (LON:PETS) Insider Ian Burke Purchases 24,793 Shares

Pets at Home Group Plc (LON:PETS) insider Ian Burke acquired 24,793 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The stock was purchased at an average cost of GBX 200 per share, with a total value of £49,586.

Pets at Home Group Stock Performance

LON PETS opened at GBX 208.58 on Thursday. Pets at Home Group Plc has a 1-year low of GBX 175.50 and a 1-year high of GBX 316.40. The company has a market capitalization of £937.81 million, a P/E ratio of 1,109.48, a PEG ratio of 2.66 and a beta of 0.69. The business has a 50 day moving average price of GBX 223.35 and a 200 day moving average price of GBX 237.95. The company has a debt-to-equity ratio of 43.13, a current ratio of 0.63 and a quick ratio of 0.57.

Pets at Home Group declared that its board has authorized a stock repurchase plan on Monday, June 9th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

PETS has been the subject of several research analyst reports. Jefferies Financial Group dropped their price objective on Pets at Home Group from GBX 330 to GBX 250 and set a “buy” rating for the company in a research note on Tuesday, September 23rd. Canaccord Genuity Group dropped their price objective on Pets at Home Group from GBX 285 to GBX 245 and set a “buy” rating for the company in a research note on Monday, September 22nd. Berenberg Bank dropped their price objective on Pets at Home Group from GBX 245 to GBX 220 and set a “hold” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price target on Pets at Home Group from GBX 275 to GBX 215 and set a “buy” rating for the company in a research report on Thursday, September 18th. Finally, Shore Capital reissued a “no recommendation” rating on shares of Pets at Home Group in a research report on Thursday, July 31st. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Pets at Home Group presently has an average rating of “Moderate Buy” and an average target price of GBX 232.50.

Pets at Home Group Company Profile

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.