Pets at Home Group (LON:PETS) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Pets at Home Group Plc (LON:PETS) shares crossed 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 trading hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group raised shares of Pets at Home Group to a “buy” rating and boosted their price target for the company from GBX 181 to GBX 245 in a report on Wednesday, April 1st. Three 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 presently has an average rating of “Moderate Buy” and a consensus target price of GBX 236.25.

Pets at Home Group Stock Up 1.2%

The company has a debt-to-equity ratio of 41.04, a current ratio of 0.63 and a quick ratio of 0.57. The firm’s fifty day moving average is GBX 186.26 and its two-hundred day moving average is GBX 200.03. The firm has a market cap of £791.37 million, a price-to-earnings ratio of 10.78, a P/E/G ratio of 2.66 and a beta of 1.07.

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.