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 reissued by Jefferies Financial Group in a research report issued to clients and investors on Thursday,Digital Look reports. They currently have a GBX 265 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 23.55% from the company’s current price.

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

Pets at Home Group Price Performance

Shares of PETS opened at GBX 214.49 on Thursday. Pets at Home Group has a 52-week low of GBX 167.20 and a 52-week high of GBX 241.88. The company has a debt-to-equity ratio of 40.77, a quick ratio of 0.57 and a current ratio of 0.61. The business’s 50 day moving average price is GBX 186.69 and its two-hundred day moving average price is GBX 192.10. The firm has a market cap of £947.71 million, a PE ratio of 15.77, a price-to-earnings-growth ratio of 2.66 and a beta of 1.09.

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

Pets at Home Group announced that its board has initiated a stock repurchase plan on Wednesday, June 24th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other Pets at Home Group news, insider Natalie `Jane acquired 2,525 shares of the stock in a transaction on Monday, July 20th. The shares were purchased at an average price of GBX 198 per share, for a total transaction of £4,999.50. Insiders own 3.31% of the company’s stock.

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.