Canaccord Genuity Group Upgrades Pets at Home Group (LON:PETS) to Buy

Pets at Home Group (LON:PETS) was upgraded by equities researchers at Canaccord Genuity Group to a “buy” rating in a report released on Wednesday,London Stock Exchange reports. The brokerage presently has a GBX 245 target price on the stock, up from their prior target price of GBX 181. Canaccord Genuity Group’s price target indicates a potential upside of 33.42% from the stock’s current price.

Pets at Home Group Stock Performance

Shares of Pets at Home Group stock opened at GBX 183.64 on Wednesday. Pets at Home Group has a 12 month low of GBX 172.70 and a 12 month high of GBX 276.60. The firm has a market capitalization of £811.86 million, a P/E ratio of 11.06, a P/E/G ratio of 2.66 and a beta of 1.13. 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 business has a fifty day simple moving average of GBX 201.48 and a two-hundred day simple moving average of GBX 204.73.

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.