Pets at Home Group (LON:PETS) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Pets at Home Group shares rose 1.5%, trading as high as GBX 216.80 and closing at GBX 214.38, above the 50-day moving average of GBX 210.21.
• Analyst sentiment remains positive: four analysts rate the stock a Buy and one rates it Hold, producing a consensus “Moderate Buy” rating and an average price target of GBX 245.
• An insider purchased 2,525 shares for approximately £4,999.50, while insiders collectively own 3.31% of the company.

Pets at Home Group Plc (LON:PETS - Get Free Report) passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of GBX 210.21 and traded as high as GBX 216.80. Pets at Home Group shares last traded at GBX 214.38, with a volume of 593,788 shares traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PETS shares. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 265 price target on shares of Pets at Home Group in a report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 230 target price on shares of Pets at Home Group in a research note on Friday, July 31st. Finally, Shore Capital Group assumed 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 target on the stock. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, Pets at Home Group has a consensus rating of "Moderate Buy" and an average target price of GBX 245.

Pets at Home Group Stock Up 1.5%

The stock has a market cap of £932.24 million, a PE ratio of 15.76, a price-to-earnings-growth ratio of 2.66 and a beta of 1.11. The business has a fifty day moving average of GBX 210.21 and a 200-day moving average of GBX 193.63. The company has a debt-to-equity ratio of 40.77, a current ratio of 0.61 and a quick ratio of 0.57.

Pets at Home Group announced that its Board of Directors has authorized a stock buyback program on Wednesday, June 24th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Insider Activity

In other news, insider Natalie `Jane purchased 2,525 shares of the business's stock in a transaction dated Monday, July 20th. The shares were purchased at an average price of GBX 198 per share, for a total transaction of £4,999.50. Insiders own 3.31% 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. 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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