Pets at Home Group (LON:PETS) Price Target Cut to GBX 300 by Analysts at Canaccord Genuity Group

Pets at Home Group (LON:PETS) had its price objective dropped by equities researchers at Canaccord Genuity Group from GBX 328 ($4.24) to GBX 300 ($3.88) in a research note issued on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 38.24% from the company’s current price.

Separately, Shore Capital reiterated a “not rated” rating on shares of Pets at Home Group in a research report on Monday.

Pets at Home Group Price Performance

Shares of Pets at Home Group stock traded up GBX 0.62 ($0.01) on Tuesday, reaching GBX 217.02 ($2.80). The stock had a trading volume of 2,257,723 shares, compared to its average volume of 3,708,365. The business’s 50 day moving average is GBX 228.74 and its two-hundred day moving average is GBX 252.37. The company has a market cap of £989.88 million, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. Pets at Home Group has a 1 year low of GBX 193.90 ($2.51) and a 1 year high of GBX 326 ($4.21). The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 43.13.

Insiders Place Their Bets

In other news, insider Garret Turley acquired 21,349 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of GBX 234 ($3.02) per share, with a total value of £49,956.66 ($64,543.49). Corporate insiders own 1.80% of the company’s stock.

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.