Pets at Home Group (LON:PETS) Share Price Passes Above 50-Day Moving Average – Time to Sell?

Pets at Home Group Plc (LON:PETS)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 202.91 and traded as high as GBX 219.20. Pets at Home Group shares last traded at GBX 216.40, with a volume of 554,087 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PETS. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 245 price objective on shares of Pets at Home Group in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upped their price target 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. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 236.25.

Pets at Home Group Trading Down 0.3%

The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 43.13. The firm has a market capitalization of £956.67 million, a price-to-earnings ratio of 13.00, a P/E/G ratio of 2.66 and a beta of 0.69. The business has a 50-day moving average of GBX 202.91 and a two-hundred day moving average of GBX 212.19.

Pets at Home Group (LON:PETS) last released its quarterly earnings data 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%. Research analysts predict that Pets at Home Group Plc will post 22.67844 EPS for the current fiscal 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.