Pets at Home Group (LON:PETS) Stock Price Crosses Above 50 Day Moving Average – What’s Next?

Pets at Home Group Plc (LON:PETS)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 184.83 and traded as high as GBX 187.20. Pets at Home Group shares last traded at GBX 184.75, with a volume of 949,941 shares.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 230 price objective on shares of Pets at Home Group in a research note on Thursday, May 28th. Canaccord Genuity Group restated a “buy” rating and set a GBX 245 price objective on shares of Pets at Home Group in a research note on Thursday, May 28th. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 265 price objective on shares of Pets at Home Group in a research note on Wednesday, May 27th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 240.

Pets at Home Group Stock Performance

The firm has a market cap of £824.02 million, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 2.66 and a beta of 1.08. The stock’s 50 day moving average is GBX 184.98 and its 200 day moving average is GBX 196.99. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 40.77.

Pets at Home Group (LON:PETS) last announced its quarterly earnings results on Wednesday, May 27th. The company reported GBX 14.80 EPS for the quarter. Pets at Home Group had a net margin of 4.29% and a return on equity of 6.50%. The business had revenue of GBX 146.96 billion for the quarter. Analysts anticipate that Pets at Home Group Plc will post 22.67844 earnings per share for the current year.

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.