Pets at Home Group (LON:PETS) Stock Crosses Above 50 Day Moving Average of $308.58

Pets at Home Group Plc (LON:PETSGet Rating) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 308.58 ($3.78) and traded as high as GBX 318.80 ($3.90). Pets at Home Group shares last traded at GBX 315.20 ($3.86), with a volume of 1,210,863 shares trading hands.

Several equities analysts have recently weighed in on PETS shares. Peel Hunt reiterated a “buy” rating and issued a GBX 475 ($5.82) target price on shares of Pets at Home Group in a research note on Tuesday, April 12th. Berenberg Bank lowered their target price on shares of Pets at Home Group from GBX 510 ($6.25) to GBX 470 ($5.76) and set a “buy” rating on the stock in a research note on Wednesday, June 15th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Pets at Home Group from GBX 430 ($5.27) to GBX 385 ($4.72) and set a “buy” rating on the stock in a research report on Wednesday, May 25th. Royal Bank of Canada dropped their price target on shares of Pets at Home Group from GBX 370 ($4.53) to GBX 330 ($4.04) and set an “outperform” rating for the company in a research note on Monday, May 30th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Pets at Home Group in a research report on Tuesday, May 24th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 472.86 ($5.79).

The company has a debt-to-equity ratio of 45.72, a quick ratio of 0.69 and a current ratio of 1.03. The business has a 50 day moving average price of GBX 308.58 and a two-hundred day moving average price of GBX 373.47. The stock has a market cap of £1.58 billion and a PE ratio of 12.87.

The firm also recently declared a dividend, which will be paid on Tuesday, July 12th. Shareholders of record on Thursday, June 16th will be given a dividend of GBX 7.50 ($0.09) per share. This represents a yield of 2.36%. This is a positive change from Pets at Home Group’s previous dividend of $4.30. The ex-dividend date is Thursday, June 16th. Pets at Home Group’s dividend payout ratio is presently 0.40%.

In other Pets at Home Group news, insider Lyssa McGowan purchased 32,325 shares of the company’s stock in a transaction dated Wednesday, May 25th. The shares were acquired at an average price of GBX 309 ($3.78) per share, for a total transaction of £99,884.25 ($122,347.20). Also, insider Michael Iddon sold 60,450 shares of Pets at Home Group stock in a transaction on Monday, May 30th. The shares were sold at an average price of GBX 340 ($4.16), for a total transaction of £205,530 ($251,751.59).

About Pets at Home Group (LON:PETS)

Pets at Home Group Plc engages in the specialist omnichannel retailing of pet food, pet related products, and pet accessories in the United Kingdom. It operates through three segments: Retail, Vet Group, and Central. The company offers a range of pet foods for dogs, cats, small animals, fish, reptiles, and birds.

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