Pets at Home Group (LON:PETS) Receives Buy Rating from Canaccord Genuity Group

Pets at Home Group (LON:PETS)‘s stock had its “buy” rating reiterated by Canaccord Genuity Group in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They presently have a GBX 245 target price on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 26.75% from the stock’s current price.

Several other brokerages have also recently weighed in on PETS. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 265 price target on shares of Pets at Home Group in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 230 target price on shares of Pets at Home Group in a research note on Thursday. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 240.

Pets at Home Group Price Performance

Shares of PETS stock opened at GBX 193.30 on Thursday. The stock has a market cap of £854.59 million, a price-to-earnings ratio of 11.64, a PEG ratio of 2.66 and a beta of 1.07. The business’s fifty day moving average is GBX 184.18 and its 200 day moving average is GBX 197.81. Pets at Home Group has a twelve month low of GBX 172.70 and a twelve month high of GBX 276.60. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 41.04.

Pets at Home Group (LON:PETS) last issued its quarterly earnings results on Wednesday, May 27th. The company reported GBX 14.80 earnings per share for the quarter. The company had revenue of GBX 146.96 billion for the quarter. Pets at Home Group had a return on equity of 7.83% and a net margin of 5.22%. Research analysts expect that Pets at Home Group will post 22.67844 EPS for the current fiscal year.

Pets at Home Group News Roundup

Here are the key news stories impacting Pets at Home Group this week:

• Positive Sentiment: New CEO praised a retail turnaround and said the business is seeing “better momentum” and “great potential,” which suggests the company may be stabilizing after a softer period. New Pets at Home boss hails turnaround momentum despite falling profits and sales
• Positive Sentiment: Jefferies reaffirmed its buy rating and kept a GBX 265 price target, signaling continued analyst confidence despite the latest setback. Digital Look
• Neutral Sentiment: The company reported quarterly EPS of GBX 14.80 and revenue of GBX 146.96 billion, with management emphasizing “better momentum” rather than giving a major new strategic update. Earnings transcript
• Negative Sentiment: Multiple reports highlighted falling profits and sales, and management said weaker retail demand forced price cuts, which pressured margins and weighed on the stock. Pets at Home: Retailer reveals drop in profits as it cuts prices

About Pets at Home Group

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.