Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for Pets at Home Group (LON:PETS) Stock Price

Key Points

• Deutsche Bank Aktiengesellschaft has reduced its price objective for Pets at Home Group from GBX 275 to GBX 215, while maintaining a "buy" rating, indicating a potential upside of 9.97% from the last close.
• Other analysts have varying opinions, with Canaccord Genuity reaffirming a "buy" rating and setting a higher target price of GBX 300, contributing to a consensus rating of "Moderate Buy."
• The company has initiated a share buyback plan, which often signifies that the leadership believes the stock is undervalued.

Pets at Home Group (LON:PETS - Free Report) had its target price lowered by Deutsche Bank Aktiengesellschaft from GBX 275 to GBX 215 in a report issued on Thursday, MarketBeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the stock.

A number of other analysts have also issued reports on the company. Shore Capital restated a "no recommendation" rating on shares of Pets at Home Group in a report on Thursday, July 31st. Canaccord Genuity Group reiterated a "buy" rating and set a GBX 300 price objective on shares of Pets at Home Group in a report on Thursday, May 29th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of GBX 238.75.

Pets at Home Group Price Performance

LON PETS traded up GBX 3.86 on Thursday, reaching GBX 202.26. 1,527,283 shares of the stock traded hands, compared to its average volume of 2,422,007. The company has a market cap of £909.38 million, a price-to-earnings ratio of 1,075.85, a P/E/G ratio of 2.66 and a beta of 0.69. 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's fifty day simple moving average is GBX 228.65 and its 200 day simple moving average is GBX 239.53. Pets at Home Group has a 12 month low of GBX 175.50 and a 12 month high of GBX 316.40.

Pets at Home Group announced that its board has authorized a share repurchase program on Monday, June 9th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

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.