Pets at Home Group (LON:PETS - Free Report) had its price objective decreased by Canaccord Genuity Group from GBX 285 to GBX 245 in a research report sent to investors on Monday morning, Marketbeat reports. Canaccord Genuity Group currently has a buy rating on the stock.
PETS has been the subject of several other reports. Deutsche Bank Aktiengesellschaft dropped their target price on Pets at Home Group from GBX 275 to GBX 215 and set a "buy" rating for the company in a research note on Thursday. Shore Capital reaffirmed a "no recommendation" rating on shares of Pets at Home Group in a report on Thursday, July 31st. Two 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 company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 235.
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Pets at Home Group Stock Performance
Shares of LON:PETS traded up GBX 5.18 during trading on Monday, reaching GBX 197.98. The company had a trading volume of 2,087,152 shares, compared to its average volume of 2,426,896. The company has a debt-to-equity ratio of 43.13, a current ratio of 0.63 and a quick ratio of 0.57. Pets at Home Group has a fifty-two week low of GBX 175.50 and a fifty-two week high of GBX 316.40. The firm has a market capitalization of £890.14 million, a price-to-earnings ratio of 1,053.09, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The stock's fifty day moving average price is GBX 228.65 and its 200 day moving average price is GBX 239.53.
Pets at Home Group declared that its board has initiated a stock buyback program on Monday, June 9th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.
About Pets at Home Group
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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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