Pets at Home Group (LON:PETS) Receives Buy Rating from Canaccord Genuity Group

Pets at Home Group (LON:PETS)‘s stock had its “buy” rating reissued by investment analysts at Canaccord Genuity Group in a report released on Thursday,London Stock Exchange reports. They presently have a GBX 245 price objective on the stock. Canaccord Genuity Group’s target price indicates a potential upside of 26.75% from the company’s current price.

Several other equities research analysts have also recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 265 price objective on shares of Pets at Home Group in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 230 price objective on shares of Pets at Home Group in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 240.

Pets at Home Group Trading Down 2.0%

Pets at Home Group stock opened at GBX 193.30 on Thursday. The company has a debt-to-equity ratio of 41.04, a current ratio of 0.63 and a quick ratio of 0.57. Pets at Home Group has a one year low of GBX 172.70 and a one year high of GBX 276.60. The stock has a market capitalization of £854.59 million, a PE ratio of 11.64, a price-to-earnings-growth ratio of 2.66 and a beta of 1.07. The business’s fifty day moving average is GBX 184.18 and its 200 day moving average is GBX 197.81.

Pets at Home Group (LON:PETS) last released its quarterly earnings data on Wednesday, May 27th. The company reported GBX 14.80 EPS for the quarter. Pets at Home Group had a return on equity of 7.83% and a net margin of 5.22%.The company had revenue of GBX 146.96 billion for the quarter. On average, sell-side analysts predict that Pets at Home Group will post 22.67844 EPS for the current year.

Key Pets at Home Group News

Here are the key news stories impacting Pets at Home Group this week:

• Positive Sentiment: New CEO praised a retail turnaround and said the business is seeing “better momentum” and “great potential,” which suggests the company may be stabilizing after a softer period. New Pets at Home boss hails turnaround momentum despite falling profits and sales
• Positive Sentiment: Jefferies reaffirmed its buy rating and kept a GBX 265 price target, signaling continued analyst confidence despite the latest setback. Digital Look
• Neutral Sentiment: The company reported quarterly EPS of GBX 14.80 and revenue of GBX 146.96 billion, with management emphasizing “better momentum” rather than giving a major new strategic update. Earnings transcript
• Negative Sentiment: Multiple reports highlighted falling profits and sales, and management said weaker retail demand forced price cuts, which pressured margins and weighed on the stock. Pets at Home: Retailer reveals drop in profits as it cuts prices

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.