Pets at Home Group (LON:PETS) Reaches New 52-Week High - Should You Buy?

Key Points

• Pets at Home Group shares reached a new 52-week high, trading as high as GBX 241 and last changing hands at GBX 238.20, up from the previous close of GBX 233.
• Analysts remain positive, with four Buy ratings and a consensus price target of GBX 251.25; Shore Capital and Jefferies both set targets of GBX 265.
• The company has a £1.03 billion market capitalization and trades at a P/E ratio of 17.51, while its shares are above both the 50-day and 200-day moving averages.

Pets at Home Group Plc (LON:PETS - Get Free Report) shares reached a new 52-week high on Monday. The stock traded as high as GBX 241 and last traded at GBX 238.20, with a volume of 1,711,051 shares traded. The stock had previously closed at GBX 233.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Shore Capital Group began coverage on shares of Pets at Home Group in a research report on Thursday, September 3rd. They issued a "buy" rating and a GBX 265 price target on the stock. Jefferies Financial Group reissued a "buy" rating and set a GBX 265 price objective on shares of Pets at Home Group in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 230 target price on shares of Pets at Home Group in a report on Friday, July 31st. Four investment analysts have rated the stock with a Buy rating. According to MarketBeat, Pets at Home Group has a consensus rating of "Buy" and a consensus price target of GBX 251.25.

Pets at Home Group Stock Up 2.2%

The firm has a fifty day simple moving average of GBX 214.41 and a 200-day simple moving average of GBX 198.06. 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 market capitalization of £1.03 billion, a P/E ratio of 17.51, a P/E/G ratio of 2.66 and a beta of 1.10.

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. 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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