Jefferies Financial Group Cuts Pets at Home Group (LON:PETS) Price Target to GBX 250

Key Points

• Jefferies Financial Group has revised its price target for Pets at Home Group from GBX 330 to GBX 250, maintaining a "buy" rating, indicating a potential upside of 24.13% from the last closing price.
• Other analysts have also adjusted their targets, with Canaccord Genuity decreasing theirs to GBX 245 and Deutsche Bank lowering it to GBX 215, while the consensus rating remains a "Moderate Buy" with an average target of GBX 238.75.
• Pets at Home Group recently announced a stock buyback plan, signifying management's belief that the stock may be undervalued, as it has a current market cap of £905.51 million.

Pets at Home Group (LON:PETS - Get Free Report) had its price objective cut by equities research analysts at Jefferies Financial Group from GBX 330 to GBX 250 in a report issued on Tuesday,Digital Look reports. The firm currently has a "buy" rating on the stock. Jefferies Financial Group's price target points to a potential upside of 24.13% from the company's previous close.

Several other research analysts have also recently issued reports on PETS. Canaccord Genuity Group decreased their target price on shares of Pets at Home Group from GBX 285 to GBX 245 and set a "buy" rating for the company in a report on Monday. Shore Capital restated a "no recommendation" rating on shares of Pets at Home Group in a report on Thursday, July 31st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Pets at Home Group from GBX 275 to GBX 215 and set a "buy" rating on the stock in a research note on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of GBX 238.75.

Pets at Home Group Stock Performance

Shares of PETS opened at GBX 201.40 on Tuesday. 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 stock has a market cap of £905.51 million, a P/E ratio of 1,071.28, a P/E/G ratio of 2.66 and a beta of 0.69. The business's 50 day moving average price is GBX 228.65 and its 200-day moving average price is GBX 239.53. Pets at Home Group has a 52 week low of GBX 175.50 and a 52 week high of GBX 316.40.

Pets at Home Group announced that its board has approved a stock buyback plan on Monday, June 9th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

About Pets at Home Group

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.

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