Shore Capital Reiterates No Recommendation Rating for Pets at Home Group (LON:PETS)

Pets at Home Group (LON:PETS)‘s stock had its “no recommendation” rating restated by investment analysts at Shore Capital in a research note issued to investors on Thursday,London Stock Exchange reports.

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 300 ($3.98) price target on shares of Pets at Home Group in a research report on Thursday, May 29th.

Pets at Home Group Price Performance

Shares of PETS stock opened at GBX 230.60 ($3.06) on Thursday. The firm has a market cap of £1.05 billion, a P/E ratio of 14.02, a P/E/G ratio of 2.66 and a beta of 0.69. Pets at Home Group has a fifty-two week low of GBX 193.90 ($2.57) and a fifty-two week high of GBX 317 ($4.20). The business’s 50 day moving average price is GBX 255.52 and its 200-day moving average price is GBX 238.90. The company has a debt-to-equity ratio of 43.13, a quick ratio of 0.57 and a current ratio of 0.63.

Pets at Home Group (LON:PETS) last issued its quarterly earnings data on Wednesday, May 28th. The company reported GBX 21 ($0.28) earnings per share for the quarter. Pets at Home Group had a return on equity of 8.05% and a net margin of 5.36%. On average, equities research analysts anticipate that Pets at Home Group will post 22.67844 earnings per share for the current year.

Pets at Home Group announced that its board has approved a stock buyback program on Monday, June 9th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Pets at Home Group

In other Pets at Home Group news, insider Michael Iddon sold 42,879 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of GBX 266 ($3.53), for a total value of £114,058.14 ($151,230.63). Also, insider Lyssa McGowan sold 80,878 shares of the business’s stock in a transaction on Monday, June 2nd. The stock was sold at an average price of GBX 266 ($3.53), for a total value of £215,135.48 ($285,249.91). Insiders own 1.80% of the company’s stock.

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.