Pets at Home Group (LON:PETS) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Shares of Pets at Home Group Plc (LON:PETS) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 185.44 and traded as high as GBX 196. Pets at Home Group shares last traded at GBX 188.70, with a volume of 490,576 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PETS. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 245 price objective on shares of Pets at Home Group in a research note on Thursday, May 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 265 price objective on shares of Pets at Home Group in a research note on Wednesday, May 27th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued 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 stock. According to MarketBeat.com, Pets at Home Group has a consensus rating of “Moderate Buy” and an average target price of GBX 240.

Pets at Home Group Stock Performance

The stock has a market cap of £834.59 million, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 2.66 and a beta of 1.08. The company has a debt-to-equity ratio of 40.77, a quick ratio of 0.57 and a current ratio of 0.61. The stock’s 50-day simple moving average is GBX 185.44 and its two-hundred day simple moving average is GBX 196.30.

Pets at Home Group (LON:PETS) last released its earnings results on Wednesday, May 27th. The company reported GBX 14.80 earnings per share for the quarter. The firm had revenue of GBX 146.96 billion during the quarter. Pets at Home Group had a net margin of 4.29% and a return on equity of 6.50%. Analysts forecast that Pets at Home Group Plc will post 22.67844 earnings per share for the current year.

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.