Pets at Home Group (LON:PETS) Share Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Pets at Home Group Plc (LON:PETS)’s stock price passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 210.51 and traded as low as GBX 198.70. Pets at Home Group shares last traded at GBX 199.80, with a volume of 11,964,670 shares traded.

Wall Street Analysts Forecast Growth

PETS has been the subject of several recent analyst reports. Jefferies Financial Group reduced their price objective on shares of 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. Deutsche Bank Aktiengesellschaft increased their target price on shares of Pets at Home Group from GBX 215 to GBX 230 and gave the company a “buy” rating in a report on Friday, November 28th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 245 price target on shares of Pets at Home Group in a research note on Thursday, December 4th. Finally, Berenberg Bank lowered their price target on Pets at Home Group from GBX 245 to GBX 220 and set a “hold” rating on the stock in a report on Tuesday, September 30th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 236.25.

Pets at Home Group Trading Up 1.5%

The company has a market cap of £903.91 million, a price-to-earnings ratio of 12.22, a PEG ratio of 2.66 and a beta of 0.69. The company has a debt-to-equity ratio of 43.13, a current ratio of 0.63 and a quick ratio of 0.57. The business’s 50-day simple moving average is GBX 210.51 and its 200-day simple moving average is GBX 225.23.

Pets at Home Group (LON:PETS) last released its quarterly earnings results on Wednesday, November 26th. The company reported GBX 5.70 EPS for the quarter. Pets at Home Group had a net margin of 5.36% and a return on equity of 8.05%. Research analysts predict that Pets at Home Group Plc will post 22.67844 earnings per share for the current fiscal year.

Insider Buying and Selling at Pets at Home Group

In related news, insider Ian Burke acquired 24,793 shares of the firm’s stock in a transaction that occurred on Tuesday, September 30th. The shares were acquired at an average price of GBX 200 per share, with a total value of £49,586. Also, insider Roger Burnley acquired 4,850 shares of the company’s stock in a transaction that occurred on Thursday, October 9th. The shares were bought at an average price of GBX 204 per share, with a total value of £9,894. Company insiders own 3.27% of the company’s stock.

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. We’ll help owners select the right food for their pet with nutrition consultations, help test the water is safe for their fish tank before new fish are introduced, and help socialise a new puppy with socilaisation and training classes – and much more.