Pets at Home Group (LON:PETS) Stock Passes Below 200 Day Moving Average – What’s Next?

Pets at Home Group Plc (LON:PETS)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 198.43 and traded as low as GBX 181.80. Pets at Home Group shares last traded at GBX 182.80, with a volume of 22,341,939 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised shares of Pets at Home Group to a “buy” rating and upped their price objective for the stock from GBX 181 to GBX 245 in a report on Wednesday, April 1st. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Pets at Home Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 236.25.

Pets at Home Group Trading Up 0.8%

The stock has a market capitalization of £817.90 million, a P/E ratio of 11.14, a price-to-earnings-growth ratio of 2.66 and a beta of 1.07. The business has a 50 day simple moving average of GBX 184.43 and a 200-day simple moving average of GBX 198.33. The company has a debt-to-equity ratio of 41.04, a quick ratio of 0.57 and a current ratio of 0.63.

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.