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

Pets at Home Group Plc (LON:PETS)’s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 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.

Analysts Set New Price Targets

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

Pets at Home Group Stock Up 0.3%

The business has a 50 day moving average of GBX 185.44 and a two-hundred day moving average of GBX 196.30. The stock has a market capitalization of £834.59 million, a PE ratio of 13.88, a PEG ratio of 2.66 and a beta of 1.08. The company has a debt-to-equity ratio of 40.77, a quick ratio of 0.57 and a current ratio of 0.61.

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