Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Pets at Home Group (LON:PETS)

Pets at Home Group (LON:PETS)‘s stock had its “buy” rating restated by analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Thursday,Digital Look reports. They currently have a GBX 230 price objective on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 19.29% from the company’s previous close.

Several other equities analysts have also issued reports on PETS. Canaccord Genuity Group raised Pets at Home Group to a “buy” rating and raised their price objective for the stock from GBX 181 to GBX 245 in a report on Wednesday, April 1st. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 265 price objective on shares of Pets at Home Group in a report on Wednesday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 240.

Pets at Home Group Stock Performance

Shares of Pets at Home Group stock opened at GBX 192.80 on Thursday. The firm has a market capitalization of £852.38 million, a P/E ratio of 11.61, a P/E/G ratio of 2.66 and a beta of 1.07. Pets at Home Group has a 52 week low of GBX 172.70 and a 52 week high of GBX 276.60. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 41.04. The firm’s 50 day moving average is GBX 184.18 and its two-hundred day moving average is GBX 197.81.

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. The company had revenue of GBX 146.96 billion for the quarter. Pets at Home Group had a net margin of 5.22% and a return on equity of 7.83%. Research analysts forecast that Pets at Home Group will post 22.67844 EPS for the current fiscal year.

Pets at Home Group News Summary

Here are the key news stories impacting Pets at Home Group this week:

• Positive Sentiment: New CEO praised a retail turnaround and said the business is seeing “better momentum” and “great potential,” which suggests the company may be stabilizing after a softer period. New Pets at Home boss hails turnaround momentum despite falling profits and sales
• Positive Sentiment: Jefferies reaffirmed its buy rating and kept a GBX 265 price target, signaling continued analyst confidence despite the latest setback. Digital Look
• Neutral Sentiment: The company reported quarterly EPS of GBX 14.80 and revenue of GBX 146.96 billion, with management emphasizing “better momentum” rather than giving a major new strategic update. Earnings transcript
• Negative Sentiment: Multiple reports highlighted falling profits and sales, and management said weaker retail demand forced price cuts, which pressured margins and weighed on the stock. Pets at Home: Retailer reveals drop in profits as it cuts prices

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.