Pets at Home Group (LON:PETS) Now Covered by Analysts at Shore Capital Group

Key Points

• Shore Capital Group initiated coverage of Pets at Home Group with a “buy” rating and a GBX 265 price target, implying approximately 24.9% upside from the prior close.
• Analyst sentiment remains positive: four analysts rate the stock “Buy” and one rates it “Hold,” resulting in a consensus “Moderate Buy” rating and an average target price of GBX 245.
• Shares opened at GBX 212.20, with the company valued at about £931.6 million; insider Natalie Jane also purchased 2,525 shares at GBX 198 each.

Investment analysts at Shore Capital Group started coverage on shares of Pets at Home Group (LON:PETS - Get Free Report) in a research report issued to clients and investors on Thursday, London Stock Exchange reports. The brokerage set a "buy" rating and a GBX 265 price target on the stock. Shore Capital Group's price objective would indicate a potential upside of 24.88% from the company's previous close.

PETS has been the subject of a number of other reports. Canaccord Genuity Group restated a "buy" rating and set a GBX 245 price objective on shares of Pets at Home Group in a research note on Thursday, May 28th. Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 265 target price on shares of Pets at Home Group in a research report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 230 target price on shares of Pets at Home Group in a report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of GBX 245.

Pets at Home Group Stock Up 1.0%

Pets at Home Group stock opened at GBX 212.20 on Thursday. The company has a market cap of £931.62 million, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 2.66 and a beta of 1.11. Pets at Home Group has a 1-year low of GBX 167.20 and a 1-year high of GBX 240.80. The company has a fifty day simple moving average of GBX 201.43 and a 200 day simple moving average of GBX 193.50. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 40.77.

Pets at Home Group declared that its board has approved a share repurchase program on Wednesday, June 24th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board believes its stock is undervalued.

Insiders Place Their Bets

In other Pets at Home Group news, insider Natalie `Jane acquired 2,525 shares of the company's stock in a transaction on Monday, July 20th. The shares were purchased at an average price of GBX 198 per share, for a total transaction of £4,999.50. 3.31% of the stock is currently owned by company insiders.

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.

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