Pets at Home Group (LON:PETS) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Pets at Home Group Plc (LON:PETS)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 215.28 and traded as low as GBX 195.60. Pets at Home Group shares last traded at GBX 197.19, with a volume of 62,504,777 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Berenberg Bank reduced their price target on shares of Pets at Home Group from GBX 245 to GBX 220 and set a “hold” rating for the company in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft increased their target price on Pets at Home Group from GBX 215 to GBX 230 and gave the company a “buy” rating in a report on Friday, November 28th. Finally, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 245 price target on shares of Pets at Home Group in a report on Thursday, December 4th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 236.25.

Pets at Home Group Stock Down 0.7%

The business’s 50 day simple moving average is GBX 202.58 and its 200-day simple moving average is GBX 215.06. The company has a debt-to-equity ratio of 43.13, a quick ratio of 0.57 and a current ratio of 0.63. The company has a market cap of £876.96 million, a price-to-earnings ratio of 11.88, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69.

Pets at Home Group (LON:PETS) last announced its quarterly earnings data on Wednesday, November 26th. The company reported GBX 5.70 earnings per share (EPS) for the quarter. Pets at Home Group had a return on equity of 8.05% and a net margin of 5.36%. Sell-side analysts expect that Pets at Home Group Plc will post 22.67844 earnings per share for the current year.

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. 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.