Pets at Home Group’s (PETS) “Buy” Rating Reaffirmed at Jefferies Financial Group

Pets at Home Group (LON:PETS)‘s stock had its “buy” rating reiterated by Jefferies Financial Group in a report released on Monday,Digital Look reports. They presently have a GBX 265 target price on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 44.89% from the company’s previous close.

Several other research analysts have also recently weighed in on PETS. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 245 price target on shares of Pets at Home Group in a report on Thursday, May 28th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 230 price objective on shares of Pets at Home Group in a research note on Thursday, May 28th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 240.

Pets at Home Group Stock Performance

LON PETS opened at GBX 182.90 on Monday. The company has a market capitalization of £808.93 million, a PE ratio of 13.45, a price-to-earnings-growth ratio of 2.66 and a beta of 1.09. The company has a debt-to-equity ratio of 40.77, a quick ratio of 0.57 and a current ratio of 0.61. Pets at Home Group has a 52-week low of GBX 167.20 and a 52-week high of GBX 254.20. The company has a 50-day simple moving average of GBX 182.38 and a 200 day simple moving average of GBX 192.85.

Pets at Home Group (LON:PETS) last announced its quarterly earnings data on Wednesday, May 27th. The company reported GBX 14.80 earnings per share (EPS) for the quarter. The business had revenue of GBX 146.96 billion for the quarter. Pets at Home Group had a return on equity of 6.50% and a net margin of 4.29%. On average, research analysts predict that Pets at Home Group will post 22.67844 EPS for the current year.

Pets at Home Group declared that its board has initiated a share buyback program on Wednesday, June 24th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

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.