Pets at Home Group (LON:PETS) Shares Cross Below 200-Day Moving Average – Here’s Why

Pets at Home Group Plc (LON:PETS)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 198.43 and traded as low as GBX 181.80. Pets at Home Group shares last traded at GBX 182.80, with a volume of 22,341,939 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group raised Pets at Home Group to a “buy” rating and lifted their price target for the stock from GBX 181 to GBX 245 in a report on Wednesday, April 1st. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 236.25.

Pets at Home Group Price Performance

The company has a market capitalization of £814.36 million, a PE ratio of 11.10, a P/E/G ratio of 2.66 and a beta of 1.07. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 41.04. The stock has a fifty day simple moving average of GBX 184.61 and a 200-day simple moving average of GBX 198.43.

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.