Pets at Home Group (LON:PETS) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Pets at Home Group (LON:PETS)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank Aktiengesellschaft in a report issued on Friday,Digital Look reports. They currently have a GBX 230 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 7.58% from the company’s current price.

Several other research analysts also recently issued reports on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 265 price objective on shares of Pets at Home Group in a report on Thursday. Canaccord Genuity Group reissued a “buy” rating and set a GBX 245 price objective on shares of Pets at Home Group in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 240.

Pets at Home Group Stock Performance

Shares of LON PETS opened at GBX 213.80 on Friday. Pets at Home Group has a 1-year low of GBX 167.20 and a 1-year high of GBX 241.88. The company has a market cap of £944.67 million, a PE ratio of 15.72, a P/E/G ratio of 2.66 and a beta of 1.09. 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 company has a 50-day moving average of GBX 187.30 and a two-hundred day moving average of GBX 192.21.

Pets at Home Group (LON:PETS) last released its quarterly earnings results on Wednesday, May 27th. The company reported GBX 14.80 EPS for the quarter. The business had revenue of GBX 146.96 billion for 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 analysts expect that Pets at Home Group will post 22.67844 earnings per share for the current fiscal year.

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

Insiders Place Their Bets

In other news, insider Natalie `Jane purchased 2,525 shares of Pets at Home Group stock in a transaction dated Monday, July 20th. The shares were bought at an average cost of GBX 198 per share, with a total value of £4,999.50. Company insiders own 3.31% of the company’s stock.

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.