Pets at Home Group PLC (LON:PETS) Upgraded to “Buy” at Berenberg Bank
Pets at Home Group PLC (LON:PETS) was upgraded by analysts at Berenberg Bank to a “buy” rating in a research note issued to investors on Thursday. The brokerage currently has a GBX 230 ($3.00) price objective on the stock, up from their previous price objective of GBX 180 ($2.34). Berenberg Bank’s price objective would suggest a potential upside of 19.79% from the company’s current price.
Several other equities research analysts have also commented on PETS. Liberum Capital restated a “sell” rating and set a GBX 160 ($2.08) target price on shares of Pets at Home Group PLC in a research report on Wednesday, April 19th. HSBC Holdings plc reaffirmed a “hold” rating and set a GBX 200 ($2.60) price target on shares of Pets at Home Group PLC in a research note on Monday, April 24th. Shore Capital reaffirmed a “buy” rating on shares of Pets at Home Group PLC in a research note on Thursday, May 25th. Numis Securities Ltd raised Pets at Home Group PLC to a “buy” rating and set a GBX 200 ($2.60) price target on the stock in a research note on Thursday, May 25th. Finally, Beaufort Securities reaffirmed a “buy” rating on shares of Pets at Home Group PLC in a research note on Tuesday, May 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of GBX 210.43 ($2.74).
Pets at Home Group PLC (LON:PETS) opened at 194.30 on Thursday. Pets at Home Group PLC has a 1-year low of GBX 154.10 and a 1-year high of GBX 264.60. The firm’s 50-day moving average price is GBX 163.37 and its 200 day moving average price is GBX 175.38. The firm’s market capitalization is GBX 971.50 million.
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In other news, insider Ian Kellett purchased 155,538 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The shares were acquired at an average cost of GBX 158 ($2.06) per share, with a total value of £245,750.04 ($320,028.70). Also, insider Tony DeNunzio purchased 310,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were purchased at an average cost of GBX 165 ($2.15) per share, for a total transaction of £511,500 ($666,102.36). Over the last ninety days, insiders have purchased 495,911 shares of company stock worth $80,736,549.
Pets at Home Group PLC Company Profile
Pets at Home Group Plc is a United Kingdom-based holding company. The Company is a retailer of pet food, pet products and pet-related services. The Company is also the operator of an animal veterinary business and pet grooming salons and the multi-channel equestrian retailer, Ride-away. The Company has a format, dog focused high street store called Barkers, which offers premium products and services targeted at highly engaged dog owners.
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