Pets at Home Group (LON:PETS) Shares Pass Above 50-Day Moving Average - Time to Sell?

Pets at Home Group Plc (LON:PETS - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 234.59 ($3.17) and traded as high as GBX 260 ($3.52). Pets at Home Group shares last traded at GBX 259.60 ($3.51), with a volume of 680,143 shares traded.

Wall Street Analyst Weigh In

PETS has been the subject of a number of analyst reports. Canaccord Genuity Group reduced their price target on Pets at Home Group from GBX 328 ($4.44) to GBX 300 ($4.06) and set a "buy" rating for the company in a report on Tuesday, April 1st. Shore Capital reaffirmed a "not rated" rating on shares of Pets at Home Group in a research report on Monday, March 31st. Finally, Berenberg Bank reduced their target price on Pets at Home Group from GBX 290 ($3.92) to GBX 245 ($3.32) and set a "hold" rating for the company in a research note on Tuesday, April 1st.

Pets at Home Group Price Performance

The company has a market cap of £1.18 billion, a P/E ratio of 15.67, a P/E/G ratio of 2.66 and a beta of 0.69. The company's 50-day moving average price is GBX 236.48 and its two-hundred day moving average price is GBX 233.21. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 43.13.

Insider Buying and Selling

In other Pets at Home Group news, insider Garret Turley bought 21,349 shares of the stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of GBX 234 ($3.17) per share, for a total transaction of £49,956.66 ($67,600.35). 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.