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

Pets at Home Group Plc (LON:PETS) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 215.28 and traded as low as GBX 195.60. Pets at Home Group shares last traded at GBX 197.19, with a volume of 62,504,777 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lifted 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 research note on Friday, November 28th. Berenberg Bank reduced their price objective on shares of Pets at Home Group from GBX 245 to GBX 220 and set a “hold” rating on the stock in a research report on Tuesday, September 30th. Finally, Canaccord Genuity Group reissued a “buy” rating and set a GBX 245 target price on shares of Pets at Home Group in a research note on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 236.25.

Pets at Home Group Trading Down 0.7%

The stock has a market capitalization of £876.96 million, a PE ratio of 11.88, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The business’s 50-day moving average is GBX 202.58 and its two-hundred day moving average is GBX 215.28. The company has a debt-to-equity ratio of 43.13, a quick ratio of 0.57 and a current ratio of 0.63.

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

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.