Berenberg Bank Issues Pessimistic Forecast for Pets at Home Group (LON:PETS) Stock Price

Pets at Home Group (LON:PETS) had its price objective dropped by Berenberg Bank from GBX 290 ($3.75) to GBX 245 ($3.17) in a report released on Tuesday,London Stock Exchange reports. The firm presently has a “hold” rating on the stock. Berenberg Bank’s price objective would suggest a potential upside of 12.89% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Shore Capital reaffirmed a “not rated” rating on shares of Pets at Home Group in a report on Monday. Canaccord Genuity Group cut their price objective on shares of Pets at Home Group from GBX 328 ($4.24) to GBX 300 ($3.88) and set a “buy” rating on the stock in a research report on Tuesday.

Pets at Home Group Price Performance

Pets at Home Group stock traded up GBX 0.62 ($0.01) during midday trading on Tuesday, hitting GBX 217.02 ($2.80). The company’s stock had a trading volume of 2,257,723 shares, compared to its average volume of 3,708,365. The stock’s 50-day moving average price is GBX 228.74 and its 200-day moving average price is GBX 252.37. The company has a market capitalization of £989.88 million, a PE ratio of 13.19, 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. Pets at Home Group has a 12 month low of GBX 193.90 ($2.51) and a 12 month high of GBX 326 ($4.21).

Insiders Place Their Bets

In other Pets at Home Group news, insider Garret Turley bought 21,349 shares of Pets at Home Group stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of GBX 234 ($3.02) per share, with a total value of £49,956.66 ($64,543.49). Insiders own 1.80% of the company’s stock.

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.