Berenberg Bank Cuts Pets at Home Group (LON:PETS) Price Target to GBX 245

Pets at Home Group (LON:PETS) had its price objective reduced by Berenberg Bank from GBX 290 ($3.75) to GBX 245 ($3.17) in a research report report published on Tuesday,London Stock Exchange reports. Berenberg Bank currently has a hold rating on the stock.

Other research analysts have also recently issued reports about the company. Shore Capital reaffirmed a “not rated” rating on shares of Pets at Home Group in a research report on Monday. Canaccord Genuity Group reduced their price objective on shares of Pets at Home Group from GBX 328 ($4.24) to GBX 300 ($3.88) and set a “buy” rating for the company in a report on Tuesday.

Pets at Home Group Trading Up 0.3 %

Pets at Home Group stock opened at GBX 217.02 ($2.81) on Tuesday. Pets at Home Group has a 12 month low of GBX 193.90 ($2.51) and a 12 month high of GBX 326 ($4.21). The stock has a market cap of £989.88 million, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The business has a 50 day moving average price of GBX 228.87 and a two-hundred day moving average price of GBX 251.76. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 43.13.

Insiders Place Their Bets

In other news, insider Garret Turley purchased 21,349 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of GBX 234 ($3.03) per share, with a total value of £49,956.66 ($64,585.21). Corporate insiders own 1.80% of the company’s stock.

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.