Pets at Home Group (LON:PETS) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Pets at Home Group Plc (LON:PETS)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 233.35 and traded as low as GBX 205.40. Pets at Home Group shares last traded at GBX 206.40, with a volume of 59,128,926 shares changing hands.

Wall Street Analysts Forecast Growth

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

Pets at Home Group Price Performance

The stock has a market cap of £913.30 million, a PE ratio of 10.85, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 43.13. The company’s fifty day moving average is GBX 210.36 and its 200 day moving average is GBX 233.35.

Insiders Place Their Bets

In other Pets at Home Group news, insider Ian Burke bought 24,793 shares of Pets at Home Group stock in a transaction that occurred on Tuesday, September 30th. The shares were acquired at an average price of GBX 200 per share, for a total transaction of £49,586. Also, insider Roger Burnley purchased 4,850 shares of the stock in a transaction that occurred on Thursday, October 9th. The stock was bought at an average price of GBX 204 per share, with a total value of £9,894. Company insiders own 3.19% of the company’s stock.

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.