Pets at Home Group PLC (PETS) Cut to Neutral at Goldman Sachs Group Inc.
Pets at Home Group PLC (LON:PETS) was downgraded by equities researchers at Goldman Sachs Group Inc. to a “neutral” rating in a research note issued to investors on Monday. They currently have a GBX 235 ($2.94) price objective on the stock, down from their previous price objective of GBX 275 ($3.44). Goldman Sachs Group Inc.’s price target would suggest a potential upside of 5.52% from the company’s current price.
Several other equities analysts also recently commented on the stock. Beaufort Securities reissued a “buy” rating on shares of Pets at Home Group PLC in a research note on Friday. HSBC restated a “buy” rating and issued a GBX 320 ($4.00) price target on shares of Pets at Home Group PLC in a research report on Tuesday, November 22nd. Liberum Capital restated a “sell” rating and issued a GBX 200 ($2.50) price target on shares of Pets at Home Group PLC in a research report on Wednesday, September 28th. Finally, Citigroup Inc. initiated coverage on shares of Pets at Home Group PLC in a research report on Monday, September 12th. They issued a “buy” rating and a GBX 275 ($3.44) price target for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 270.14 ($3.38).
Shares of Pets at Home Group PLC (LON:PETS) opened at 212.50 on Monday. The company’s market capitalization is GBX 1.06 billion. The company has a 50-day moving average of GBX 220.48 and a 200 day moving average of GBX 239.31. Pets at Home Group PLC has a 52-week low of GBX 203.93 and a 52-week high of GBX 291.50.
The company also recently disclosed a dividend, which will be paid on Friday, January 6th. Stockholders of record on Thursday, December 1st will be given a dividend of GBX 2.50 ($0.03) per share. This represents a dividend yield of 1.12%. The ex-dividend date is Thursday, December 1st.
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About Pets at Home Group PLC
Pets at Home Group Plc is a United Kingdom-based holding company. The Company is a retailer of pet food, pet products and pet-related services. The Company is also the operator of an animal veterinary business and pet grooming salons and the multi-channel equestrian retailer, Ride-away. The Company has a format, dog focused high street store called Barkers, which offers premium products and services targeted at highly engaged dog owners.
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