Berenberg Bank reiterated their buy rating on shares of Pets at Home Group (LON:PETS) in a report published on Friday morning, Digital Look reports. Berenberg Bank currently has a GBX 300 ($3.95) price target on the stock.
Several other equities research analysts also recently issued reports on PETS. Morgan Stanley lowered their price objective on shares of Pets at Home Group from GBX 200 ($2.63) to GBX 190 ($2.50) and set an equal weight rating on the stock in a research note on Monday, May 25th. Liberum Capital restated a buy rating on shares of Pets at Home Group in a research note on Thursday, May 21st. Shore Capital upgraded shares of Pets at Home Group to a buy rating in a research note on Thursday, May 21st. Peel Hunt restated a buy rating on shares of Pets at Home Group in a research note on Wednesday, May 27th. Finally, HSBC lowered their price objective on shares of Pets at Home Group from GBX 270 ($3.55) to GBX 255 ($3.35) and set a buy rating on the stock in a research note on Wednesday, May 27th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of GBX 278.57 ($3.66).
PETS stock traded up GBX 7.40 ($0.10) during midday trading on Friday, hitting GBX 235.60 ($3.10). 850,066 shares of the company traded hands, compared to its average volume of 1,140,000. Pets at Home Group has a twelve month low of GBX 168.40 ($2.22) and a twelve month high of GBX 317.08 ($4.17). The company has a quick ratio of 0.29, a current ratio of 0.65 and a debt-to-equity ratio of 73.96. The business has a 50 day simple moving average of GBX 244.88 and a 200-day simple moving average of GBX 258.58. The stock has a market capitalization of $1.16 billion and a price-to-earnings ratio of 23.80.
In related news, insider Peter Pritchard acquired 49,114 shares of the business’s stock in a transaction on Thursday, May 21st. The stock was bought at an average cost of GBX 204 ($2.68) per share, with a total value of £100,192.56 ($131,797.63). Also, insider Susan Dawson acquired 4,195 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of GBX 238 ($3.13) per share, with a total value of £9,984.10 ($13,133.52).
About Pets at Home Group
Pets at Home Group Plc, through its subsidiaries, operates as a specialist retailer of pet food, pet related products, and pet accessories in the United Kingdom. The company offers a range of diets for dogs, cats, small mammals, fish, reptiles, and birds. It also provides pet accessories, including collars, leads and harnesses, bedding, housing, feeding, health and hygiene, travel, training, and enrichment products for dogs, cats, small mammals, fish, birds, and reptiles.
Further Reading: Why do companies pay special dividends?
Receive News & Ratings for Pets at Home Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pets at Home Group and related companies with MarketBeat.com's FREE daily email newsletter.