Pets at Home Group (LON:PETS) Receives “Buy” Rating from Canaccord Genuity Group

Pets at Home Group (LON:PETS)‘s stock had its “buy” rating reissued by equities researchers at Canaccord Genuity Group in a research note issued on Monday, Marketbeat reports. They currently have a GBX 350 ($4.48) price target on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 19.95% from the stock’s previous close.

A number of other research firms have also commented on PETS. Berenberg Bank dropped their price target on shares of Pets at Home Group from GBX 390 ($5.00) to GBX 330 ($4.23) and set a “hold” rating on the stock in a research report on Thursday, May 30th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 425 ($5.44) price target on shares of Pets at Home Group in a research report on Wednesday, March 20th.

Pets at Home Group Trading Down 3.2 %

LON:PETS opened at GBX 291.80 ($3.74) on Monday. Pets at Home Group has a 12 month low of GBX 251 ($3.22) and a 12 month high of GBX 400.20 ($5.13). The firm has a market cap of £1.37 billion, a price-to-earnings ratio of 1,823.75, a P/E/G ratio of 2.66 and a beta of 0.55. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 45.27. The company’s 50 day moving average is GBX 296.86 and its 200-day moving average is GBX 289.43.

Insider Buying and Selling

In related news, insider Michael Iddon sold 17,832 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of GBX 289 ($3.70), for a total transaction of £51,534.48 ($66,010.61). 6.90% of the stock is owned by corporate insiders.

About Pets at Home Group

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 pet grooming services comprising a full dog groom, bath, microchipping, and nail clipping; and pet insurance products.