Pets at Home Group Plc Shares (LON: PETS – get rating) have earned an average “Moderate Buy” recommendation from the seven research firms that are currently covering the stock, market pace reports. One research analyst rated the stock with a sell recommendation and six issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the past year is GBX 427 ($5.10).
Several brokerage houses recently commented on PETS. Peel Hunt reiterated a “buy” rating and issued a GBX 475 ($5.68) price target on shares of Pets at Home Group in a report on Tuesday, April 12. Shore Capital reaffirmed a “buy” rating on Pets at Home Group stock in a research report on Tuesday, May 24. Berenberg Bank lowered its price target on Pets at Home Group from GBX 510 ($6.10) to GBX 470 ($5.62) and set a “buy” rating on the company in a research report on Wednesday, June 15. Deutsche Bank Aktiengesellschaft lowered its price target on Pets at Home Group from GBX 430 ($5.14) to GBX 385 ($4.60) and set a “buy” rating on the company in a research note on Wednesday, May 25. May. Ultimately, Royal Bank of Canada downgraded Pets at Home Group to an “underperforming” rating and lowered its target price on the shares from GBX 330 ($3.95) to GBX 280 ($3.35) in a research note on Monday July 4.
Buying and selling insider information at Pets at Home Group
In other Pets at Home Group news, whistleblower Michael Iddon sold 60,450 shares of the company in a transaction on Monday, May 30. The shares were sold at an average price of GBX 340 ($4.06), for a total transaction of £205,530 ($245,702.33). In other news, whistleblower Michael Iddon sold 60,450 shares of the company in a transaction on Monday, May 30. The shares were sold at an average price of GBX 340 ($4.06), for a total value of £205,530 ($245,702.33). Additionally, whistleblower Lyssa McGowan purchased 32,325 shares of the company in a transaction that occurred on Wednesday, May 25. The shares were purchased at an average cost of GBX 309 ($3.69) per share, with a total value of £99,884.25 ($119,407.35).
Evolution of the shares of the Pets at Home group
LON: PETS opened at GBX 321 ($3.84) on Friday. The stock has a market capitalization of £1.6 billion and a P/E ratio of 1,284.00. The company has a current ratio of 1.03, a quick ratio of 0.69, and a debt-to-equity ratio of 45.72. The stock’s 50-day moving average is GBX 309.44 and its 200-day moving average is GBX 347.69. Pets at Home Group has a 1-year minimum of GBX 266.80 ($3.19) and a 1-year maximum of GBX 524.50 ($6.27).
Pets at Home Group increases dividend
The company also recently declared a dividend, which was paid on Tuesday, July 12. Investors registered on Thursday June 16 received a dividend of GBX 7.50 ($0.09) per share. The ex-dividend date of this dividend was Thursday, June 16. This is a positive change from the previous Pets at Home Group dividend of $4.30. This represents a dividend yield of 2.36%. The Pets at Home Group payout rate is currently 39.20%.
About the Pets at Home group
Pets at Home Group Plc is a specialist omnichannel retailer of pet food, pet-related products and pet accessories in the UK. It operates through three segments: retail, veterinary group and central. The company offers a range of pet foods for dogs, cats, small animals, fish, reptiles and birds.
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