Pets at Home Group (LON:PETS) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Pets at Home Group Plc (LON:PETS) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 244.26 ($3.23) and traded as low as GBX 228.40 ($3.02). Pets at Home Group shares last traded at GBX 229.80 ($3.04), with a volume of 724,728 shares.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PETS shares. Berenberg Bank dropped their price target on Pets at Home Group from GBX 290 ($3.84) to GBX 245 ($3.24) and set a “hold” rating on the stock in a research report on Tuesday, April 1st. Canaccord Genuity Group dropped their target price on shares of Pets at Home Group from GBX 328 ($4.34) to GBX 300 ($3.97) and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Finally, Shore Capital reissued a “not rated” rating on shares of Pets at Home Group in a report on Monday, March 31st.

Pets at Home Group Price Performance

The stock has a 50-day simple moving average of GBX 229.80 and a 200 day simple moving average of GBX 244.26. The stock has a market capitalization of £1.05 billion, a P/E ratio of 14.05, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The company has a debt-to-equity ratio of 43.13, a quick ratio of 0.57 and a current ratio of 0.63.

Insider Transactions at Pets at Home Group

In other Pets at Home Group news, insider Garret Turley purchased 21,349 shares of the stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of GBX 234 ($3.10) per share, for a total transaction of £49,956.66 ($66,123.97). Corporate insiders own 1.80% of the company’s stock.

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.