Pets at Home Group (LON:PETS) Insider Buys £49,586 in Stock

Pets at Home Group Plc (LON:PETS) insider Ian Burke bought 24,793 shares of the business’s stock in a transaction dated Tuesday, September 30th. The shares were acquired at an average cost of GBX 200 per share, with a total value of £49,586.

Pets at Home Group Stock Performance

Shares of PETS stock opened at GBX 207.80 on Friday. The company has a market cap of £934.29 million, a price-to-earnings ratio of 1,105.32, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The stock has a 50 day simple moving average of GBX 221.90 and a 200-day simple moving average of GBX 237.54. Pets at Home Group Plc has a 12-month low of GBX 175.50 and a 12-month high of GBX 316.40. 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 of Directors has initiated a share repurchase program on Monday, June 9th that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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

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.