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

Pets at Home Group Plc (LON:PETS) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 193.16 and traded as low as GBX 175. Pets at Home Group shares last traded at GBX 179.80, with a volume of 867,740 shares changing hands.

Analyst Ratings Changes

Several research firms have recently commented on PETS. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 230 price target on shares of Pets at Home Group in a report on Thursday, May 28th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 245 target price on shares of Pets at Home Group in a report on Thursday, May 28th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 265 target price on shares of Pets at Home Group in a research note on Wednesday, May 27th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 240.

Pets at Home Group Stock Performance

The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 40.77. The stock has a market cap of £795.22 million, a P/E ratio of 13.22, a PEG ratio of 2.66 and a beta of 1.08. The firm’s 50-day simple moving average is GBX 182.82 and its 200 day simple moving average is GBX 193.16.

Pets at Home Group (LON:PETS) last released its quarterly earnings results on Wednesday, May 27th. The company reported GBX 14.80 earnings per share for the quarter. The company had revenue of GBX 146.96 billion for the quarter. Pets at Home Group had a return on equity of 6.50% and a net margin of 4.29%. As a group, equities research analysts anticipate that Pets at Home Group Plc will post 22.67844 earnings per share for the current year.

Pets at Home Group declared that its Board of Directors has initiated a share repurchase program on Wednesday, June 24th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors 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.