Pets at Home Group (LON:PETS) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Pets at Home Group Plc (LON:PETS) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 299.70 ($3.80) and traded as low as GBX 280.60 ($3.56). Pets at Home Group shares last traded at GBX 283.60 ($3.60), with a volume of 1,426,182 shares traded.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 350 ($4.44) price target on shares of Pets at Home Group in a research note on Thursday, August 1st.

Pets at Home Group Price Performance

The business has a 50-day moving average price of GBX 300.96 and a 200 day moving average price of GBX 299.70. The company has a market cap of £1.29 billion, a price-to-earnings ratio of 1,772.50, a P/E/G ratio of 2.66 and a beta of 0.69. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 43.13.

About Pets at Home Group

Pets at Home Group Plc engages in the specialist omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom. It operates through three segments: Retail, Vet Group, and Central. The company offers pet grooming services comprising a full dog groom, bath, microchipping, and nail clipping; and pet insurance products.