Pets at Home Group (LON:PETS) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Pets at Home Group Plc (LON:PETS) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 185.44 and traded as high as GBX 196. Pets at Home Group shares last traded at GBX 188.70, with a volume of 490,576 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 230 price target on shares of Pets at Home Group in a research report on Thursday, May 28th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 245 price objective on shares of Pets at Home Group in a research report on Thursday, May 28th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 265 target price on shares of Pets at Home Group in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 240.

Pets at Home Group Trading Up 0.3%

The company has a 50 day simple moving average of GBX 185.44 and a two-hundred day simple moving average of GBX 196.30. The company has a debt-to-equity ratio of 40.77, a quick ratio of 0.57 and a current ratio of 0.61. The firm has a market cap of £834.59 million, a PE ratio of 13.88, a P/E/G ratio of 2.66 and a beta of 1.08.

Pets at Home Group (LON:PETS) last announced its quarterly earnings data on Wednesday, May 27th. The company reported GBX 14.80 earnings per share (EPS) for the quarter. Pets at Home Group had a return on equity of 6.50% and a net margin of 4.29%.The firm had revenue of GBX 146.96 billion during the quarter. Analysts expect that Pets at Home Group Plc will post 22.67844 EPS for the current fiscal year.

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.