Pets at Home Group (LON:PETS) Shares Cross Above 50-Day Moving Average – Here’s Why

Pets at Home Group Plc (LON:PETS)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 217.25 ($2.90) and traded as high as GBX 223.80 ($2.98). Pets at Home Group shares last traded at GBX 219.40 ($2.93), with a volume of 19,381,750 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PETS shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Pets at Home Group from GBX 275 to GBX 215 and set a “buy” rating on the stock in a research note on Thursday, September 18th. Jefferies Financial Group cut their price objective on shares of Pets at Home Group from GBX 330 to GBX 250 and set a “buy” rating for the company in a research report on Tuesday, September 23rd. Shore Capital restated a “no recommendation” rating on shares of Pets at Home Group in a research report on Thursday, July 31st. Berenberg Bank cut their price objective on shares of Pets at Home Group from GBX 245 to GBX 220 and set a “hold” rating for the company in a research report on Tuesday, September 30th. Finally, Canaccord Genuity Group cut their price objective on shares of Pets at Home Group from GBX 285 to GBX 245 and set a “buy” rating for the company in a research report on Monday, September 22nd. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 232.50.

Pets at Home Group Trading Down 0.1%

The firm has a market capitalization of £984.18 million, a price-to-earnings ratio of 11.67, a PEG ratio of 2.66 and a beta of 0.69. The business’s 50-day simple moving average is GBX 217.25 and its two-hundred day simple moving average is GBX 236.30. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 43.13.

Insider Activity at Pets at Home Group

In other Pets at Home Group news, insider Roger Burnley acquired 4,850 shares of the stock in a transaction dated Thursday, October 9th. The stock was acquired at an average price of GBX 204 per share, with a total value of £9,894. Also, insider Ian Burke acquired 24,793 shares of the stock in a transaction dated Tuesday, September 30th. The stock was acquired at an average cost of GBX 200 per share, with a total value of £49,586. Company insiders own 3.18% of the company’s stock.

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.