Pets at Home Group (LON:PETS) Hits New 52-Week High – Time to Buy?

Pets at Home Group Plc (LON:PETS) hit a new 52-week high during mid-day trading on Monday. The company traded as high as GBX 249 and last traded at GBX 249, with a volume of 716,325 shares trading hands. The stock had previously closed at GBX 244.36.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on PETS. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 230 price target on shares of Pets at Home Group in a research note on Friday, July 31st. Jefferies Financial Group boosted their price objective on shares of Pets at Home Group from GBX 265 to GBX 305 and gave the company a “buy” rating in a report on Wednesday. Finally, Shore Capital Group began coverage on shares of Pets at Home Group in a research report on Thursday, September 3rd. They set a “buy” rating and a GBX 265 price objective on the stock. Four analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 261.25.

Pets at Home Group Stock Up 1.2%

The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 40.77. The company has a market cap of £1.11 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. The company has a fifty day moving average of GBX 218.90 and a 200 day moving average of GBX 200.58.

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. 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.