Pets at Home Group (LON:PETS) Reaches New 12-Month High - Here's What Happened

Key Points

• Pets at Home Group shares reached a new 52-week high, trading at GBX 249—up 1.6% from the previous close—with 716,325 shares changing hands.
• Analysts remain positive: four research firms rate the stock a Buy, with a consensus price target of GBX 251.25; Jefferies and Shore Capital each set targets of GBX 265.
• The company has a market capitalization of approximately £1.07 billion, a P/E ratio of 18.25, and its shares are trading above both their 50-day and 200-day moving averages.

Pets at Home Group Plc (LON:PETS - Get Free Report) hit a new 52-week high on Monday. The company traded as high as GBX 249 and last traded at GBX 249, with a volume of 716,325 shares traded. The stock had previously closed at GBX 244.36.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PETS. Jefferies Financial Group restated a "buy" rating and set a GBX 265 price target on shares of Pets at Home Group in a research report on Thursday, July 30th. Shore Capital Group initiated coverage on shares of Pets at Home Group in a report on Thursday, September 3rd. They issued a "buy" rating and a GBX 265 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 230 target price on shares of Pets at Home Group in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating. According to MarketBeat, Pets at Home Group presently has a consensus rating of "Buy" and an average price target of GBX 251.25.

Pets at Home Group Stock Up 1.6%

The firm has a market capitalization of £1.07 billion, a P/E ratio of 18.25, a P/E/G ratio of 2.66 and a beta of 1.10. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 40.77. The company has a fifty day simple moving average of GBX 217.34 and a 200 day simple moving average of GBX 200.01.

About Pets at Home Group

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. We'll help owners select the right food for their pet with nutrition consultations, help test the water is safe for their fish tank before new fish are introduced, and help socialise a new puppy with socilaisation and training classes - and much more.

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