Pets at Home Group (LON:PETS) Given Buy Rating at Jefferies Financial Group

Jefferies Financial Group reissued their buy rating on shares of Pets at Home Group (LON:PETS) in a research note released on Monday,Digital Look reports. They currently have a GBX 265 target price on the stock.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 230 price target on shares of Pets at Home Group in a research report on Thursday, May 28th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 245 price objective on shares of Pets at Home Group in a report on Thursday, May 28th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 240.

Pets at Home Group Trading Up 1.6%

Shares of PETS opened at GBX 186.20 on Monday. The stock has a 50-day moving average price of GBX 182.17 and a 200 day moving average price of GBX 192.67. Pets at Home Group has a one year low of GBX 167.20 and a one year high of GBX 254.20. The company has a market capitalization of £823.53 million, a P/E ratio of 13.69, a P/E/G ratio of 2.66 and a beta of 1.09. The company has a debt-to-equity ratio of 40.77, a quick ratio of 0.57 and a current ratio of 0.61.

Pets at Home Group (LON:PETS) last issued its quarterly earnings results on Wednesday, May 27th. The company reported GBX 14.80 earnings per share (EPS) for the quarter. Pets at Home Group had a net margin of 4.29% and a return on equity of 6.50%. The business had revenue of GBX 146.96 billion during the quarter. Sell-side analysts forecast that Pets at Home Group will post 22.67844 EPS for the current fiscal year.

Pets at Home Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, June 24th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

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.