Pets at Home Group (LON:PETS) Price Target Lowered to GBX 245 at Canaccord Genuity Group

Key Points

• Canaccord Genuity Group has lowered the price target for Pets at Home Group from GBX 285 to GBX 245, while maintaining a "buy" rating on the stock.
• The current stock price suggests a potential upside of 25.64% based on the new price target set by Canaccord Genuity Group.
• Pets at Home Group has received mixed ratings from analysts, with two listings as "Buy" and one as "Hold," contributing to a consensus rating of "Moderate Buy" with an average target price of GBX 235.

Pets at Home Group (LON:PETS - Get Free Report) had its price target reduced by analysts at Canaccord Genuity Group from GBX 285 to GBX 245 in a research report issued to clients and investors on Monday,Digital Look reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price target would suggest a potential upside of 25.64% from the stock's current price.

PETS has been the subject of several other research reports. Shore Capital reaffirmed a "no recommendation" rating on shares of Pets at Home Group in a research note on Thursday, July 31st. Deutsche Bank Aktiengesellschaft cut their price target 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. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 235.

Pets at Home Group Price Performance

Pets at Home Group stock opened at GBX 195 on Monday. 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 company has a fifty day simple moving average of GBX 229.57 and a 200-day simple moving average of GBX 239.79. Pets at Home Group has a 52-week low of GBX 175.50 and a 52-week high of GBX 316.40. The firm has a market capitalization of £876.74 million, a price-to-earnings ratio of 1,037.23, a PEG ratio of 2.66 and a beta of 0.69.

Pets at Home Group declared that its Board of Directors has authorized a stock repurchase program on Monday, June 9th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is 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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