Pets at Home Group (LON:PETS) Shares Break Above 50 Day Moving Average – Time to Sell?

Pets at Home Group Plc (LON:PETS)’s stock price crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of GBX 210.21 and traded as high as GBX 216.80. Pets at Home Group shares last traded at GBX 214.38, with a volume of 593,788 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PETS shares. Jefferies Financial Group restated a “buy” rating and issued a GBX 265 target price on shares of Pets at Home Group in a research note on Thursday, July 30th. Shore Capital Group began coverage on shares of Pets at Home Group in a report on Thursday, September 3rd. They issued a “buy” rating and a GBX 265 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 230 price objective on shares of Pets at Home Group in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 251.25.

Pets at Home Group Stock Performance

The firm has a fifty day simple moving average of GBX 210.52 and a 200-day simple moving average of GBX 193.77. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 40.77. The stock has a market cap of £947.20 million, a price-to-earnings ratio of 16.02, a P/E/G ratio of 2.66 and a beta of 1.11.

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

Insider Transactions at Pets at Home Group

In other Pets at Home Group news, insider Natalie `Jane acquired 2,525 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was acquired at an average cost 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.