Pets at Home Group (LON:PETS) Share Price Crosses Above 50 Day Moving Average of $314.39

Pets at Home Group Plc (LON:PETSGet Rating) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 314.39 ($3.85) and traded as high as GBX 334.28 ($4.10). Pets at Home Group shares last traded at GBX 332.40 ($4.07), with a volume of 624,233 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on PETS shares. Peel Hunt reissued a “buy” rating and issued a GBX 475 ($5.82) target price on shares of Pets at Home Group in a report on Tuesday, April 12th. Royal Bank of Canada downgraded Pets at Home Group to an “underperform” rating and reduced their target price for the stock from GBX 330 ($4.04) to GBX 280 ($3.43) in a report on Monday, July 4th. Berenberg Bank reduced their target price on Pets at Home Group from GBX 510 ($6.25) to GBX 470 ($5.76) and set a “buy” rating on the stock in a report on Wednesday, June 15th. Shore Capital reissued a “buy” rating on shares of Pets at Home Group in a report on Tuesday, May 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Pets at Home Group from GBX 430 ($5.27) to GBX 385 ($4.72) and set a “buy” rating on the stock in a report on Wednesday, May 25th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 451.67 ($5.53).

Pets at Home Group Stock Performance

The firm has a market cap of £1.64 billion and a P/E ratio of 1,329.60. 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 stock’s 50-day moving average is GBX 314.39 and its 200 day moving average is GBX 342.04.

Pets at Home Group Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, July 12th. Stockholders of record on Thursday, June 16th were given a GBX 7.50 ($0.09) dividend. This represents a dividend yield of 2.36%. This is an increase from Pets at Home Group’s previous dividend of $4.30. The ex-dividend date was Thursday, June 16th. Pets at Home Group’s payout ratio is presently 39.20%.

Insiders Place Their Bets

In other news, insider Michael Iddon sold 60,450 shares of the company’s stock in a transaction dated Monday, May 30th. The shares were sold at an average price of GBX 340 ($4.17), for a total transaction of £205,530 ($251,844.14). In other news, insider Lyssa McGowan purchased 32,325 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were acquired at an average price of GBX 309 ($3.79) per share, with a total value of £99,884.25 ($122,392.17). Also, insider Michael Iddon sold 60,450 shares of Pets at Home Group stock in a transaction dated Monday, May 30th. The shares were sold at an average price of GBX 340 ($4.17), for a total transaction of £205,530 ($251,844.14).

About Pets at Home Group

(Get Rating)

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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