Pets at Home Group (LON:PETS) Raised to “Buy” at Canaccord Genuity Group

Pets at Home Group (LON:PETS) was upgraded by equities researchers at Canaccord Genuity Group to a “buy” rating in a research report issued to clients and investors on Wednesday,London Stock Exchange reports. The firm currently has a GBX 245 price target on the stock, up from their prior price target of GBX 181. Canaccord Genuity Group’s target price would indicate a potential upside of 33.01% from the stock’s current price.

Pets at Home Group Trading Up 1.7%

LON:PETS traded up GBX 3 during midday trading on Wednesday, reaching GBX 184.20. 1,350,510 shares of the stock traded hands, compared to its average volume of 14,263,221. The stock has a market capitalization of £814.36 million, a P/E ratio of 11.10, a PEG ratio of 2.66 and a beta of 1.13. The company has a debt-to-equity ratio of 41.04, a quick ratio of 0.57 and a current ratio of 0.63. The company has a fifty day moving average of GBX 201.98 and a 200 day moving average of GBX 205.02. Pets at Home Group has a 12 month low of GBX 172.70 and a 12 month high of GBX 276.60.

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.