Pets at Home Group (LON:PETS) Stock Price Passes Above 50 Day Moving Average - What's Next?

Pets at Home Group Plc (LON:PETS - Get Free Report)'s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 230.44 ($3.07) and traded as high as GBX 232.60 ($3.10). Pets at Home Group shares last traded at GBX 231.41 ($3.08), with a volume of 808,158 shares.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Canaccord Genuity Group lowered their price target on Pets at Home Group from GBX 328 ($4.37) to GBX 300 ($4.00) and set a "buy" rating for the company in a report on Tuesday, April 1st. Berenberg Bank lowered their price target 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 report on Tuesday, April 1st. Finally, Shore Capital restated a "not rated" rating on shares of Pets at Home Group in a research note on Monday, March 31st.

Pets at Home Group Trading Up 0.9 %

The business has a 50 day simple moving average of GBX 230.89 and a two-hundred day simple moving average of GBX 239.31. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 43.13. The stock has a market cap of £1.08 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69.

Insider Buying and Selling at Pets at Home Group

In other news, insider Garret Turley bought 21,349 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of GBX 234 ($3.12) per share, for a total transaction of £49,956.66 ($66,564.50). 1.80% of the stock is owned by insiders.

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.