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

Pets at Home Group Plc (LON:PETS) shares passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 200.03 and traded as low as GBX 174.10. Pets at Home Group shares last traded at GBX 176.55, with a volume of 1,124,243 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised Pets at Home Group to a “buy” rating and upped their price objective for the stock from GBX 181 to GBX 245 in a report on Wednesday, April 1st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 236.25.

Pets at Home Group Stock Down 1.8%

The company has a fifty day moving average of GBX 185.64 and a two-hundred day moving average of GBX 199.58. The company has a market cap of £783.41 million, a PE ratio of 10.67, a price-to-earnings-growth ratio of 2.66 and a beta of 1.07. The company has a debt-to-equity ratio of 41.04, a quick ratio of 0.57 and a current ratio of 0.63.

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.