Shore Capital Group Initiates Coverage on Pets at Home Group (LON:PETS)

Equities researchers at Shore Capital Group initiated coverage on shares of Pets at Home Group (LON:PETS) in a report released on Thursday, London Stock Exchange reports. The firm set a “buy” rating and a GBX 265 price target on the stock. Shore Capital Group’s target price would indicate a potential upside of 24.88% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Jefferies Financial Group restated a “buy” rating and issued a GBX 265 price target on shares of Pets at Home Group in a research note on Thursday, July 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 230 price objective on shares of Pets at Home Group in a research note on Friday, July 31st. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 245 price objective on shares of Pets at Home Group in a report on Thursday, May 28th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 245.

Pets at Home Group Stock Performance

Shares of PETS stock opened at GBX 212.20 on Thursday. The company has a 50-day simple moving average of GBX 201.43 and a 200 day simple moving average of GBX 193.50. The company has a debt-to-equity ratio of 40.77, a quick ratio of 0.57 and a current ratio of 0.61. The company has a market capitalization of £931.62 million, a price-to-earnings ratio of 15.60, a PEG ratio of 2.66 and a beta of 1.11. Pets at Home Group has a 52 week low of GBX 167.20 and a 52 week high of GBX 240.80.

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

Insider Buying and Selling at Pets at Home Group

In other Pets at Home Group news, insider Natalie `Jane bought 2,525 shares of Pets at Home Group stock in a transaction on Monday, July 20th. The shares were purchased at an average price of GBX 198 per share, with a total value of £4,999.50. Corporate insiders own 3.31% 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. 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.