Pets at Home Group (LON:PETS) Shares Pass Below 200 Day Moving Average – What’s Next?

Pets at Home Group Plc (LON:PETS) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Analyst Upgrades and Downgrades

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

Pets at Home Group Stock Down 0.4%

The firm’s 50-day moving average price is GBX 182.59 and its 200-day moving average price is GBX 193. The company has a debt-to-equity ratio of 40.77, a current ratio of 0.61 and a quick ratio of 0.57. The company has a market cap of £802.45 million, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 2.66 and a beta of 1.08.

Pets at Home Group (LON:PETS) last posted its earnings results on Wednesday, May 27th. The company reported GBX 14.80 earnings per share for the quarter. Pets at Home Group had a net margin of 4.29% and a return on equity of 6.50%. The business had revenue of GBX 146.96 billion for the quarter. Sell-side analysts forecast that Pets at Home Group Plc will post 22.67844 earnings per share for the current fiscal year.

Pets at Home Group declared that its board has approved a stock repurchase plan on Wednesday, June 24th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually 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.