Pets at Home Group (LON:PETS) Share Price Crosses Above 50-Day Moving Average of $216.21

Pets at Home Group PLC (LON:PETS)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $216.21 and traded as high as $233.00. Pets at Home Group shares last traded at $231.20, with a volume of 988,117 shares changing hands.

PETS has been the topic of a number of analyst reports. Numis Securities reiterated a “buy” rating and issued a GBX 225 ($2.94) price objective on shares of Pets at Home Group in a research report on Wednesday, May 29th. Liberum Capital reiterated an “under review” rating on shares of Pets at Home Group in a research report on Friday, August 2nd. Shore Capital reiterated a “hold” rating on shares of Pets at Home Group in a research report on Friday, August 2nd. Berenberg Bank lifted their price objective on shares of Pets at Home Group from GBX 130 ($1.70) to GBX 175 ($2.29) and gave the company a “hold” rating in a research report on Thursday, May 30th. Finally, Goldman Sachs Group lifted their price objective on shares of Pets at Home Group from GBX 140 ($1.83) to GBX 155 ($2.03) and gave the company a “sell” rating in a research report on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 165.33 ($2.16).

The firm’s 50 day moving average is GBX 216.87 and its two-hundred day moving average is GBX 175.69. The stock has a market cap of $1.16 billion and a price-to-earnings ratio of 38.53. The company has a current ratio of 0.91, a quick ratio of 0.41 and a debt-to-equity ratio of 19.85.

In related news, insider Peter Pritchard sold 23,683 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of GBX 185 ($2.42), for a total value of £43,813.55 ($57,250.16).

About Pets at Home Group (LON:PETS)

Pets at Home Group Plc, through its subsidiaries, operates as a specialist retailer of pet food, pet related products, and pet accessories in the United Kingdom. The company offers a range of diets for dogs, cats, small mammals, fish, reptiles, and birds. It also provides pet accessories, including collars, leads and harnesses, bedding, housing, feeding, health and hygiene, travel, training, and enrichment products for dogs, cats, small mammals, fish, birds, and reptiles.

Further Reading: How is a buy-side analyst different from a sell-side analyst?

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