Pets at Home Group (LON:PETS) Share Price Crosses Above 50 Day Moving Average - Time to Sell?

Pets at Home Group Plc (LON:PETS - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 232.69 ($3.09) and traded as high as GBX 256.20 ($3.41). Pets at Home Group shares last traded at GBX 251.60 ($3.35), with a volume of 1,068,468 shares changing hands.

Wall Street Analysts Forecast Growth

PETS has been the subject of a number of research analyst reports. Berenberg Bank cut their price objective on Pets at Home Group from GBX 290 ($3.86) to GBX 245 ($3.26) and set a "hold" rating for the company in a research report on Tuesday, April 1st. Canaccord Genuity Group dropped their price target on Pets at Home Group from GBX 328 ($4.36) to GBX 300 ($3.99) and set a "buy" rating for the company in a research report on Tuesday, April 1st. Finally, Shore Capital reiterated a "not rated" rating on shares of Pets at Home Group in a research report on Monday, March 31st.

Pets at Home Group Stock Up 0.4%

The firm has a market cap of £1.16 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The company has a debt-to-equity ratio of 43.13, a current ratio of 0.63 and a quick ratio of 0.57. The company has a 50-day simple moving average of GBX 234.23 and a 200-day simple moving average of GBX 234.65.

Insiders Place Their Bets

In related news, insider Garret Turley purchased 21,349 shares of Pets at Home Group stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of GBX 234 ($3.11) per share, for a total transaction of £49,956.66 ($66,431.73). Corporate 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.