Pets at Home Group (LON:PETS) Receives Buy Rating from Peel Hunt

Pets at Home Group (LON:PETS)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a report released on Friday, ThisIsMoney.Co.Uk reports.

PETS has been the subject of a number of other research reports. Liberum Capital reaffirmed a “buy” rating on shares of Pets at Home Group in a research report on Friday. Citigroup raised shares of Pets at Home Group to a “buy” rating and increased their price objective for the stock from GBX 265 ($3.26) to GBX 280 ($3.45) in a research report on Wednesday, June 24th. HSBC decreased their price target on shares of Pets at Home Group from GBX 270 ($3.32) to GBX 255 ($3.14) and set a “buy” rating for the company in a research report on Wednesday, May 27th. Morgan Stanley decreased their price target on shares of Pets at Home Group from GBX 200 ($2.46) to GBX 190 ($2.34) and set an “equal weight” rating for the company in a research report on Monday, May 25th. Finally, Berenberg Bank reissued a “buy” rating and issued a GBX 300 ($3.69) price target on shares of Pets at Home Group in a research report on Friday, May 29th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Pets at Home Group currently has an average rating of “Buy” and an average target price of GBX 278.75 ($3.43).

LON:PETS opened at GBX 311.40 ($3.83) on Friday. The company has a debt-to-equity ratio of 67.64, a quick ratio of 0.36 and a current ratio of 0.70. The stock has a market capitalization of $1.56 billion and a P/E ratio of 23.59. The company has a 50 day moving average price of GBX 236.64 and a 200 day moving average price of GBX 253.44. Pets at Home Group has a fifty-two week low of GBX 2.39 ($0.03) and a fifty-two week high of GBX 317.08 ($3.90).

In other Pets at Home Group news, insider Peter Pritchard acquired 49,114 shares of the company’s stock in a transaction on Thursday, May 21st. The shares were bought at an average cost of GBX 204 ($2.51) per share, for a total transaction of £100,192.56 ($123,298.74). Also, insider Susan Dawson acquired 4,195 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of GBX 238 ($2.93) per share, for a total transaction of £9,984.10 ($12,286.61).

About Pets at Home Group

Pets at Home Group Plc, through its subsidiaries, operates as a specialist retailer of pet food, pet related products, and pet accessories in the United Kingdom. The company offers a range of diets for dogs, cats, small mammals, fish, reptiles, and birds. It also provides pet accessories, including collars, leads and harnesses, bedding, housing, feeding, health and hygiene, travel, training, and enrichment products for dogs, cats, small mammals, fish, birds, and reptiles.

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Analyst Recommendations for Pets at Home Group (LON:PETS)

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