Pets at Home Group (LON:PETS) Receives Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Pets at Home Group (LON:PETS) in a report published on Friday, Digital Look reports. They currently have a GBX 300 ($3.95) target price on the stock.

PETS has been the topic of a number of other reports. Morgan Stanley lowered their price target 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 report on Monday, May 25th. HSBC lowered their price target 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 report on Wednesday, May 27th. Shore Capital upgraded shares of Pets at Home Group to a buy rating in a research report on Thursday, May 21st. Peel Hunt reiterated a buy rating on shares of Pets at Home Group in a report on Wednesday, May 27th. Finally, Goldman Sachs Group decreased their target price on shares of Pets at Home Group from GBX 280 ($3.68) to GBX 275 ($3.62) and set a neutral rating on the stock in a report on Friday, March 6th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Pets at Home Group presently has a consensus rating of Buy and an average price target of GBX 278.57 ($3.66).

PETS traded up GBX 7.40 ($0.10) on Friday, reaching GBX 235.60 ($3.10). 850,066 shares of the company’s stock were exchanged, compared to its average volume of 1,140,000. The stock has a market cap of $1.16 billion and a PE ratio of 23.80. 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 stock’s fifty day moving average price is GBX 244.88 and its 200-day moving average price is GBX 258.58. The company has a debt-to-equity ratio of 73.96, a current ratio of 0.65 and a quick ratio of 0.29.

The company also recently announced a dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Thursday, June 18th will be issued a GBX 5 ($0.07) dividend. This represents a yield of 2.44%. This is a positive change from Pets at Home Group’s previous dividend of $2.50. The ex-dividend date of this dividend is Thursday, June 18th. Pets at Home Group’s payout ratio is presently 70.71%.

In related news, insider Peter Pritchard purchased 49,114 shares of Pets at Home Group stock in a transaction dated Thursday, May 21st. The shares were acquired 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 purchased 4,195 shares of Pets at Home Group stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of GBX 238 ($3.13) per share, for a total transaction of £9,984.10 ($13,133.52).

Pets at Home Group Company Profile

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.

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Analyst Recommendations for Pets at Home Group (LON:PETS)

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