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

Posted by MarketBeat News on Aug 2nd, 2022

Pets at Home Group Plc (LON:PETS – Get 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

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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.