Pets at Home Group (LON:PETS) Shares Pass Below 200-Day Moving Average - Time to Sell?

Shares of Pets at Home Group Plc (LON:PETS - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 248.36 ($3.25) and traded as low as GBX 214.40 ($2.81). Pets at Home Group shares last traded at GBX 216.80 ($2.84), with a volume of 2,417,677 shares.

Wall Street Analysts Forecast Growth

PETS has been the subject of a number of recent research reports. Canaccord Genuity Group lowered their price objective on shares of Pets at Home Group from GBX 328 ($4.29) to GBX 300 ($3.93) and set a "buy" rating for the company in a research report on Tuesday, April 1st. Berenberg Bank lowered their price objective on Pets at Home Group from GBX 290 ($3.79) to GBX 245 ($3.21) and set a "hold" rating for the company in a research note on Tuesday, April 1st. Finally, Shore Capital reissued a "not rated" rating on shares of Pets at Home Group in a report on Monday, March 31st.

Pets at Home Group Trading Up 1.8 %

The company has a market capitalization of £1.06 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 43.13. The company's fifty day simple moving average is GBX 229.35 and its two-hundred day simple moving average is GBX 245.77.

Insider Buying and Selling at Pets at Home Group

In related news, insider Garret Turley purchased 21,349 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of GBX 234 ($3.06) per share, for a total transaction of £49,956.66 ($65,362.63). 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.