Pets at Home Group PLC (LON:PETS) Upgraded to “Buy” at Berenberg Bank

Berenberg Bank upgraded shares of Pets at Home Group PLC (LON:PETS) to a buy rating in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has GBX 230 ($3.00) target price on the stock, up from their previous target price of GBX 180 ($2.34).

PETS has been the subject of several other research reports. Shore Capital reaffirmed a buy rating on shares of Pets at Home Group PLC in a research note on Thursday, May 25th. Numis Securities Ltd raised shares of Pets at Home Group PLC to a buy rating and set a GBX 200 ($2.60) price target for the company in a research note on Thursday, May 25th. HSBC Holdings plc decreased their price target on shares of Pets at Home Group PLC from GBX 200 ($2.60) to GBX 180 ($2.34) and set a hold rating for the company in a research note on Wednesday, May 17th. Beaufort Securities reaffirmed a buy rating on shares of Pets at Home Group PLC in a research note on Tuesday, May 30th. Finally, Liberum Capital reaffirmed a sell rating and set a GBX 145 ($1.89) price target on shares of Pets at Home Group PLC in a research note on Friday, July 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of GBX 210.43 ($2.74).

Pets at Home Group PLC (PETS) opened at 188.30 on Thursday. The stock’s market cap is GBX 941.50 million. The firm’s 50 day moving average price is GBX 165.27 and its 200-day moving average price is GBX 175.48. Pets at Home Group PLC has a 12-month low of GBX 154.10 and a 12-month high of GBX 264.60.

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The business also recently declared a dividend, which was paid on Friday, July 14th. Stockholders of record on Thursday, June 15th were paid a dividend of GBX 5 ($0.07) per share. This represents a dividend yield of 3.05%. The ex-dividend date was Thursday, June 15th. This is an increase from Pets at Home Group PLC’s previous dividend of $2.50.

In other Pets at Home Group PLC news, insider Tony DeNunzio acquired 310,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 14th. The shares were bought at an average cost of GBX 165 ($2.15) per share, with a total value of £511,500 ($666,102.36). Also, insider Sharon Flood acquired 30,373 shares of the business’s stock in a transaction that occurred on Friday, May 26th. The shares were acquired at an average cost of GBX 165 ($2.15) per share, for a total transaction of £50,115.45 ($65,262.99). Over the last three months, insiders have purchased 495,911 shares of company stock worth $80,736,549.

About Pets at Home Group PLC

Pets at Home Group Plc is a United Kingdom-based holding company. The Company is a retailer of pet food, pet products and pet-related services. The Company is also the operator of an animal veterinary business and pet grooming salons and the multi-channel equestrian retailer, Ride-away. The Company has a format, dog focused high street store called Barkers, which offers premium products and services targeted at highly engaged dog owners.

Analyst Recommendations for Pets at Home Group PLC (LON:PETS)

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