Pets at Home Group (LON:PETS) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Pets at Home Group (LON:PETS) in a research report released on Friday morning,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a GBX 230 target price on the stock.

A number of other equities analysts also recently commented on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 265 price objective on shares of Pets at Home Group in a report on Thursday. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 245 price objective on shares of Pets at Home Group in a research report on Thursday, May 28th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Pets at Home Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 240.

Pets at Home Group Stock Performance

Shares of LON PETS opened at GBX 210.60 on Friday. The company has a debt-to-equity ratio of 40.77, a current ratio of 0.61 and a quick ratio of 0.57. Pets at Home Group has a one year low of GBX 167.20 and a one year high of GBX 241.88. The business’s 50-day moving average price is GBX 187.82 and its two-hundred day moving average price is GBX 192.34. The company has a market capitalization of £930.53 million, a P/E ratio of 15.49, a price-to-earnings-growth ratio of 2.66 and a beta of 1.09.

Pets at Home Group (LON:PETS) last posted its quarterly earnings results on Wednesday, May 27th. The company reported GBX 14.80 earnings per share for the quarter. The company had revenue of GBX 146.96 billion during the quarter. Pets at Home Group had a return on equity of 6.50% and a net margin of 4.29%. Analysts anticipate that Pets at Home Group will post 22.67844 earnings per share for the current fiscal year.

Pets at Home Group declared that its board has approved a stock buyback program on Wednesday, June 24th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Natalie `Jane purchased 2,525 shares of Pets at Home Group stock in a transaction on Monday, July 20th. The stock was bought at an average price of GBX 198 per share, with a total value of £4,999.50. 3.31% of the stock is currently owned by company insiders.

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.