Pets at Home Group (LON:PETS) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Pets at Home Group Plc (LON:PETS) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 215.28 and traded as low as GBX 195.60. Pets at Home Group shares last traded at GBX 197.19, with a volume of 62,504,777 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PETS shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 245 price target on shares of Pets at Home Group in a report on Thursday, December 4th. Berenberg Bank cut their target price on Pets at Home Group from GBX 245 to GBX 220 and set a “hold” rating on the stock in a report on Tuesday, September 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on Pets at Home Group from GBX 215 to GBX 230 and gave the stock a “buy” rating in a research report on Friday, November 28th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 236.25.

Pets at Home Group Price Performance

The company has a 50-day moving average of GBX 202.58 and a 200 day moving average of GBX 215.28. 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 firm has a market cap of £876.96 million, a P/E ratio of 11.88, a P/E/G ratio of 2.66 and a beta of 0.69.

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