Pets at Home Group (LON:PETS) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Pets at Home Group Plc (LON:PETS) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 234.67 and traded as low as GBX 207.80. Pets at Home Group shares last traded at GBX 208.79, with a volume of 40,929,055 shares trading hands.

Analysts Set New Price Targets

Several brokerages recently commented on PETS. Shore Capital reaffirmed a “no recommendation” rating on shares of Pets at Home Group in a report on Thursday, July 31st. Jefferies Financial Group dropped their target price on Pets at Home Group from GBX 330 to GBX 250 and set a “buy” rating on the stock in a research report on Tuesday, September 23rd. Berenberg Bank reduced their price target on shares of Pets at Home Group from GBX 245 to GBX 220 and set a “hold” rating for the company in a research report on Tuesday, September 30th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Pets at Home Group from GBX 275 to GBX 215 and set a “buy” rating on the stock in a research note on Thursday, September 18th. Finally, Canaccord Genuity Group cut their target price on shares of Pets at Home Group from GBX 285 to GBX 245 and set a “buy” rating for the company in a research report on Monday, September 22nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Pets at Home Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 232.50.

Pets at Home Group Trading Down 0.8%

The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 43.13. The stock has a market capitalization of £923.58 million, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The business has a 50 day simple moving average of GBX 213.02 and a 200-day simple moving average of GBX 234.67.

Insider Buying and Selling

In other news, insider Roger Burnley acquired 4,850 shares of the company’s stock in a transaction dated Thursday, October 9th. The stock was acquired at an average cost of GBX 204 per share, for a total transaction of £9,894. Also, insider Ian Burke bought 24,793 shares of Pets at Home Group stock in a transaction that occurred on Tuesday, September 30th. The stock was purchased at an average price of GBX 200 per share, for a total transaction of £49,586. Company insiders own 3.19% of the company’s stock.

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.