Pets at Home Group’s (PETS) “Buy” Rating Reiterated at Shore Capital

Posted by Shane Hupp on May 26th, 2023

Shore Capital reiterated their buy rating on shares of Pets at Home Group (LON:PETS – Get Rating) in a report released on Tuesday, MarketBeat reports.

A number of other research firms also recently issued reports on PETS. Berenberg Bank reiterated a buy rating and set a GBX 430 ($5.35) price target on shares of Pets at Home Group in a research report on Tuesday, May 2nd. Liberum Capital reissued a hold rating and set a GBX 390 ($4.85) price objective on shares of Pets at Home Group in a research note on Thursday, February 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Pets at Home Group currently has an average rating of Hold and an average target price of GBX 352.50 ($4.38).

Pets at Home Group Stock Performance

LON PETS opened at GBX 357.60 ($4.45) on Tuesday. The company has a debt-to-equity ratio of 51.08, a current ratio of 0.92 and a quick ratio of 0.57. Pets at Home Group has a 1 year low of GBX 254.80 ($3.17) and a 1 year high of GBX 400 ($4.98). The company has a fifty day moving average of GBX 375.09 and a two-hundred day moving average of GBX 341.93. The company has a market capitalization of £1.73 billion, a PE ratio of 1,625.45, a P/E/G ratio of 2.66 and a beta of 0.58.

Pets at Home Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Thursday, June 15th will be issued a GBX 8.30 ($0.10) dividend. The ex-dividend date is Thursday, June 15th. This represents a yield of 2.26%. This is a positive change from Pets at Home Group’s previous dividend of $4.50. Pets at Home Group’s payout ratio is currently 5,454.55%.

About Pets at Home Group

(Get Rating)

Pets at Home Group Plc engages in the specialist omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom. It operates through three segments: Retail, Vet Group, and Central. The company offers a range of pet foods for dogs, cats, small animals, fish, reptiles, and birds.