Pets at Home Group (LON:PETS) Sets New 1-Year High – Here’s What Happened

Pets at Home Group Plc (LON:PETS)’s stock price hit a new 52-week high during trading on Monday. The stock traded as high as GBX 268.20 and last traded at GBX 267.20, with a volume of 2,411,636 shares. The stock had previously closed at GBX 261.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Shore Capital Group assumed coverage on Pets at Home Group in a research report on Thursday, September 3rd. They issued a “buy” rating and a GBX 265 target price for the company. Jefferies Financial Group lifted their price target on Pets at Home Group from GBX 265 to GBX 305 and gave the company a “buy” rating in a research report on Wednesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 230 price objective 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. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of GBX 261.25.

Pets at Home Group Price Performance

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 £1.16 billion, a price-to-earnings ratio of 19.85, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. The stock has a 50-day moving average of GBX 223.60 and a two-hundred day moving average of GBX 202.25.

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.