Pets at Home Group (LON:PETS) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Shares of Pets at Home Group Plc (LON:PETS) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 202.91 and traded as high as GBX 219.20. Pets at Home Group shares last traded at GBX 216.40, with a volume of 554,087 shares trading hands.

Analysts Set New Price Targets

PETS has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their target price on Pets at Home Group from GBX 215 to GBX 230 and gave the company a “buy” rating in a research note on Friday, November 28th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 245 price objective on shares of Pets at Home Group in a research report on Thursday, December 4th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Pets at Home Group has an average rating of “Moderate Buy” and a consensus target price of GBX 236.25.

Pets at Home Group Stock Down 0.3%

The company has a debt-to-equity ratio of 43.13, a quick ratio of 0.57 and a current ratio of 0.63. The company has a market cap of £956.67 million, a P/E ratio of 13.00, a PEG ratio of 2.66 and a beta of 0.69. The firm’s 50-day simple moving average is GBX 202.91 and its 200 day simple moving average is GBX 212.19.

Pets at Home Group (LON:PETS) last released its quarterly earnings data on Wednesday, November 26th. The company reported GBX 5.70 EPS for the quarter. Pets at Home Group had a return on equity of 8.05% and a net margin of 5.36%. On average, research analysts forecast that Pets at Home Group Plc will post 22.67844 earnings per share for the current fiscal 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.