Pets at Home Group (LON:PETS) Price Target Lowered to GBX 275 at Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank Aktiengesellschaft has lowered its price target for Pets at Home Group from GBX 285 to GBX 275, maintaining a "buy" rating and indicating a potential upside of 25.69% from the stock's previous close.
• Despite the downgrade, other brokerages like Canaccord Genuity have reaffirmed a "buy" rating with a higher target price of GBX 300, suggesting a consensus outlook of a Moderate Buy rating overall.
• The company recently initiated a stock repurchase program, indicating confidence in the undervaluation of its stock, while insiders sold significant shares, raising concerns about their confidence in the company’s performance.

Pets at Home Group (LON:PETS - Get Free Report) had its target price decreased by research analysts at Deutsche Bank Aktiengesellschaft from GBX 285 ($3.76) to GBX 275 ($3.63) in a note issued to investors on Friday,Digital Look reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price objective would suggest a potential upside of 25.69% from the stock's previous close.

A number of other brokerages also recently weighed in on PETS. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 300 ($3.96) price objective on shares of Pets at Home Group in a research report on Thursday, May 29th. Shore Capital reissued a "no recommendation" rating on shares of Pets at Home Group in a report on Thursday. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of GBX 292.50 ($3.86).

Pets at Home Group Stock Performance

Shares of Pets at Home Group stock opened at GBX 218.80 ($2.89) on Friday. The firm has a market cap of £998.00 million, a P/E ratio of 13.30, a P/E/G ratio of 2.66 and a beta of 0.69. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 43.13. Pets at Home Group has a 12 month low of GBX 193.90 ($2.56) and a 12 month high of GBX 317 ($4.19). The stock's fifty day moving average price is GBX 254.91 and its 200-day moving average price is GBX 238.83.

Pets at Home Group (LON:PETS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The company reported GBX 21 ($0.28) earnings per share for the quarter. Pets at Home Group had a return on equity of 8.05% and a net margin of 5.36%. On average, equities research analysts expect that Pets at Home Group will post 22.67844 earnings per share for the current fiscal year.

Pets at Home Group declared that its Board of Directors has initiated a stock repurchase program on Monday, June 9th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Insider Activity

In other news, insider Michael Iddon sold 42,879 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of GBX 266 ($3.51), for a total value of £114,058.14 ($150,671.25). Also, insider Lyssa McGowan sold 80,878 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of GBX 266 ($3.51), for a total value of £215,135.48 ($284,194.82). Company insiders own 1.80% of the company's stock.

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.

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