Pets at Home Group (LON:PETS) Sets New 52-Week High – Still a Buy?

Pets at Home Group Plc (LON:PETS)’s stock price reached a new 52-week high during trading on Monday. The company traded as high as GBX 241 and last traded at GBX 238.20, with a volume of 1,711,051 shares. The stock had previously closed at GBX 233.

Analyst Ratings Changes

PETS has been the subject of several analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 265 price objective on shares of Pets at Home Group in a research note on Thursday, July 30th. Shore Capital Group initiated coverage on shares of Pets at Home Group in a report on Thursday, September 3rd. They issued a “buy” rating and a GBX 265 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 230 target price on shares of Pets at Home Group in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of GBX 251.25.

Pets at Home Group Price Performance

The stock has a market cap of £1.03 billion, a price-to-earnings ratio of 17.51, a price-to-earnings-growth ratio of 2.66 and a beta of 1.10. The company has a debt-to-equity ratio of 40.77, a current ratio of 0.61 and a quick ratio of 0.57. The business’s 50-day simple moving average is GBX 214.41 and its two-hundred day simple moving average is GBX 198.06.

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.