Numis Securities Ltd Reaffirms “Buy” Rating for Pets at Home Group PLC (LON:PETS)
Pets at Home Group PLC (LON:PETS)‘s stock had its “buy” rating reiterated by analysts at Numis Securities Ltd in a note issued to investors on Tuesday. They currently have a GBX 200 ($2.60) target price on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 16.08% from the stock’s previous close.
A number of other research analysts also recently commented on PETS. Liberum Capital reduced their price target on Pets at Home Group PLC from GBX 160 ($2.08) to GBX 145 ($1.89) and set a “sell” rating for the company in a report on Thursday, May 25th. HSBC Holdings plc reduced their target price on Pets at Home Group PLC from GBX 200 ($2.60) to GBX 180 ($2.34) and set a “hold” rating on the stock in a report on Wednesday, May 17th. Shore Capital reissued a “buy” rating on shares of Pets at Home Group PLC in a report on Thursday, May 25th. Finally, Beaufort Securities reissued a “buy” rating on shares of Pets at Home Group PLC in a report on Tuesday, May 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 216.14 ($2.81).
Pets at Home Group PLC (LON:PETS) opened at 185.00 on Tuesday. Pets at Home Group PLC has a 52 week low of GBX 154.10 and a 52 week high of GBX 264.60. The stock’s market cap is GBX 925.00 million. The stock has a 50 day moving average price of GBX 162.03 and a 200 day moving average price of GBX 175.70.
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In related news, insider Tony DeNunzio acquired 310,000 shares of the firm’s stock in a transaction on Wednesday, June 14th. The shares were bought at an average cost of GBX 165 ($2.15) per share, with a total value of £511,500 ($666,102.36). Also, insider Sharon Flood acquired 30,373 shares of the firm’s stock in a transaction on Friday, May 26th. The shares were bought at an average cost of GBX 165 ($2.15) per share, for a total transaction of £50,115.45 ($65,262.99). Insiders have purchased 495,911 shares of company stock worth $80,736,549 over the last 90 days.
Pets at Home Group PLC Company Profile
Pets at Home Group Plc is a United Kingdom-based holding company. The Company is a retailer of pet food, pet products and pet-related services. The Company is also the operator of an animal veterinary business and pet grooming salons and the multi-channel equestrian retailer, Ride-away. The Company has a format, dog focused high street store called Barkers, which offers premium products and services targeted at highly engaged dog owners.
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