Pets at Home Group (LON:PETS) Receives Buy Rating from Jefferies Financial Group

Pets at Home Group (LON:PETS)‘s stock had its “buy” rating restated by analysts at Jefferies Financial Group in a research note issued on Monday,Digital Look reports. They presently have a GBX 265 price target on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 44.89% from the stock’s current price.

PETS has been the topic of several other reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 230 target price on shares of Pets at Home Group in a report on Thursday, May 28th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 245 price target on shares of Pets at Home Group in a report on Thursday, May 28th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Pets at Home Group has an average rating of “Moderate Buy” and an average target price of GBX 240.

Pets at Home Group Stock Performance

PETS opened at GBX 182.90 on Monday. Pets at Home Group has a 12-month low of GBX 167.20 and a 12-month high of GBX 254.20. The stock has a market cap of £808.93 million, a price-to-earnings ratio of 13.45, a PEG ratio of 2.66 and a beta of 1.09. The business has a 50 day moving average of GBX 182.38 and a 200-day moving average of GBX 192.85. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 40.77.

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

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

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.