Jefferies Financial Group Forecasts Strong Price Appreciation for Pets at Home Group (LON:PETS) Stock

Key Points

• Jefferies raised its price target for Pets at Home Group to GBX 305 from GBX 265 and maintained a “buy” rating, implying 19.05% upside from the previous close.
• Analyst sentiment is broadly positive: four analysts rate the shares “buy,” with a consensus price target of GBX 261.25.
• Shares opened at GBX 256.20, near their one-year high of GBX 258.46; the company’s market capitalization is about £1.10 billion.

Pets at Home Group (LON:PETS - Get Free Report) had its price objective hoisted by investment analysts at Jefferies Financial Group from GBX 265 to GBX 305 in a note issued to investors on Wednesday, Digital Look reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's target price indicates a potential upside of 19.05% from the stock's previous close.

A number of other equities analysts have also recently weighed in on the stock. Shore Capital Group assumed coverage on shares of Pets at Home Group in a research report on Thursday, September 3rd. They set a "buy" rating and a GBX 265 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 230 target price on shares of Pets at Home Group in a research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of GBX 261.25.

Pets at Home Group Price Performance

Shares of PETS opened at GBX 256.20 on Wednesday. Pets at Home Group has a 1-year low of GBX 167.20 and a 1-year high of GBX 258.46. The stock has a market cap of £1.10 billion, a PE ratio of 18.84, a P/E/G ratio of 2.66 and a beta of 1.10. The firm has a 50-day simple moving average of GBX 218.90 and a two-hundred day simple moving average of GBX 200.58. The company has a debt-to-equity ratio of 40.77, a current ratio of 0.61 and a quick ratio of 0.57.

Pets at Home Group Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.