Deutsche Bank Aktiengesellschaft Lowers Pets at Home Group (LON:PETS) Price Target to GBX 215

Pets at Home Group (LON:PETS) had its price objective cut by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 275 to GBX 215 in a note issued to investors on Thursday,Digital Look reports. The firm currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 9.97% from the stock’s previous close.

Several other analysts have also weighed in on PETS. Canaccord Genuity Group reissued a “buy” rating and set a GBX 300 price objective on shares of Pets at Home Group in a report on Thursday, May 29th. Shore Capital reissued a “no recommendation” rating on shares of Pets at Home Group in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Pets at Home Group currently has an average rating of “Moderate Buy” and a consensus target price of GBX 253.33.

Pets at Home Group Price Performance

Shares of LON:PETS opened at GBX 195.51 on Thursday. Pets at Home Group has a 1-year low of GBX 175.50 and a 1-year high of GBX 317. The firm has a market capitalization of £879.01 million, a PE ratio of 1,039.93, a PEG ratio of 2.66 and a beta of 0.69. The business’s 50 day moving average is GBX 230.57 and its 200-day moving average is GBX 239.96. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 43.13.

Pets at Home Group declared that its board has approved a stock buyback program on Monday, June 9th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

Pets at Home Group Company Profile

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.