Pets at Home Group (LON:PETS) Research Coverage Started at Shore Capital Group

Shore Capital Group initiated coverage on shares of Pets at Home Group (LON:PETS) in a research report report published on Thursday, MarketBeat Ratings reports. The firm issued a buy rating and a GBX 265 price objective on the stock.

PETS has been the subject of several other research reports. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 245 price target on shares of Pets at Home Group in a research note on Thursday, May 28th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 265 target price on shares of Pets at Home Group in a report on Thursday, July 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 230 price target on shares of Pets at Home Group in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 245.

Pets at Home Group Stock Up 1.9%

Pets at Home Group stock opened at GBX 214.93 on Thursday. The company has a market cap of £943.62 million, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 2.66 and a beta of 1.11. Pets at Home Group has a 1-year low of GBX 167.20 and a 1-year high of GBX 240.80. The company has a fifty day simple moving average of GBX 202.79 and a 200 day simple moving average of GBX 193.61. 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 announced that its board has approved a stock buyback plan on Wednesday, June 24th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Pets at Home Group

In other news, insider Natalie `Jane bought 2,525 shares of the stock in a transaction dated Monday, July 20th. The shares were bought at an average cost of GBX 198 per share, with a total value of £4,999.50. 3.31% of the stock is owned by insiders.

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.