Pets at Home Group (LON:PETS) Hits New 52-Week Low – Here’s What Happened

Pets at Home Group Plc (LON:PETS)’s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 171.90 and last traded at GBX 172.30, with a volume of 518994 shares changing hands. The stock had previously closed at GBX 176.46.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PETS. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 230 price target on shares of Pets at Home Group in a report on Thursday, May 28th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 265 price target on shares of Pets at Home Group in a report on Wednesday, May 27th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued 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 company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 240.

Pets at Home Group Stock Performance

The company’s fifty day simple moving average is GBX 185.34 and its two-hundred day simple moving average is GBX 195.64. The stock has a market capitalization of £761.61 million, a P/E ratio of 12.66, a PEG ratio of 2.66 and a beta of 1.08. The company has a debt-to-equity ratio of 40.77, a quick ratio of 0.57 and a current ratio of 0.61.

Pets at Home Group (LON:PETS) last announced its earnings results on Wednesday, May 27th. The company reported GBX 14.80 EPS for the quarter. Pets at Home Group had a net margin of 4.29% and a return on equity of 6.50%. The company had revenue of GBX 146.96 billion for the quarter. As a group, equities analysts forecast that Pets at Home Group Plc will post 22.67844 EPS for the current year.

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.