Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Pets at Home Group (LON:PETS)

Pets at Home Group (LON:PETS)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Thursday,Digital Look reports. They currently have a GBX 230 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 19.29% from the company’s current price.

A number of other equities analysts have also issued reports on the company. Jefferies Financial Group reissued a “buy” rating and set a GBX 265 price target on shares of Pets at Home Group in a report on Wednesday. Canaccord Genuity Group upgraded shares of Pets at Home Group to a “buy” rating and lifted their price objective for the company from GBX 181 to GBX 245 in a research report on Wednesday, April 1st. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 240.

Pets at Home Group Stock Performance

LON PETS opened at GBX 192.80 on Thursday. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 41.04. Pets at Home Group has a 52-week low of GBX 172.70 and a 52-week high of GBX 276.60. The business’s 50-day moving average price is GBX 184.18 and its 200 day moving average price is GBX 197.81. The firm has a market cap of £852.38 million, a P/E ratio of 11.61, a P/E/G ratio of 2.66 and a beta of 1.07.

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

Trending Headlines about Pets at Home Group

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

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.