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

Pets at Home Group Plc (LON:PETS) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 192.08 and traded as low as GBX 190.40. Pets at Home Group shares last traded at GBX 191.21, with a volume of 798,023 shares traded.

Analyst Upgrades and Downgrades

PETS has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 230 target price on shares of Pets at Home Group in a report on Thursday, May 28th. Canaccord Genuity Group restated a “buy” rating and set a GBX 245 price target on shares of Pets at Home Group in a report on Thursday, May 28th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 265 price target on shares of Pets at Home Group in a research report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 240.

Pets at Home Group Stock Down 0.6%

The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 40.77. The firm has a market cap of £844.85 million, a PE ratio of 14.06, a P/E/G ratio of 2.66 and a beta of 1.09. The business’s 50-day simple moving average is GBX 182.56 and its 200 day simple moving average is GBX 192.08.

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

Pets at Home Group announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 24th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

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.