Canaccord Genuity Group Cuts Pets at Home Group (LON:PETS) Price Target to GBX 245

Pets at Home Group (LON:PETS) had its price target reduced by Canaccord Genuity Group from GBX 285 to GBX 245 in a report published on Monday, MarketBeat reports. Canaccord Genuity Group currently has a buy rating on the stock.

PETS has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Pets at Home Group from GBX 275 to GBX 215 and set a “buy” rating on the stock in a report on Thursday, September 18th. Shore Capital reiterated a “no recommendation” rating on shares of Pets at Home Group in a report on Thursday, July 31st. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Pets at Home Group presently has an average rating of “Moderate Buy” and a consensus price target of GBX 238.75.

Pets at Home Group Stock Down 0.1%

Shares of PETS opened at GBX 201.80 on Monday. The firm has a market cap of £907.31 million, a PE ratio of 1,073.40, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The company’s fifty day moving average is GBX 227.18 and its two-hundred day moving average is GBX 239.01. Pets at Home Group has a fifty-two week low of GBX 175.50 and a fifty-two week high of GBX 316.40. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 43.13.

Pets at Home Group announced that its board has approved a stock repurchase plan on Monday, June 9th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

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.