Canaccord Genuity Group Has Lowered Expectations for Pets at Home Group (LON:PETS) Stock Price

Pets at Home Group (LON:PETS) had its target price decreased by equities researchers at Canaccord Genuity Group from GBX 285 to GBX 245 in a note issued to investors on Monday, Marketbeat reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 21.13% from the stock’s current price.

Several other analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Pets at Home Group from GBX 275 to GBX 215 and set a “buy” rating on the stock in a research report on Thursday, September 18th. Shore Capital reaffirmed a “no recommendation” rating on shares of Pets at Home Group in a research report on Thursday, July 31st. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Pets at Home Group has a consensus rating of “Moderate Buy” and a consensus target price of GBX 238.75.

Pets at Home Group Stock Performance

LON PETS opened at GBX 202.26 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 43.13. The firm’s fifty day moving average price is GBX 227.86 and its two-hundred day moving average price is GBX 239.27. Pets at Home Group has a 1 year low of GBX 175.50 and a 1 year high of GBX 316.40. The firm has a market capitalization of £909.38 million, a P/E ratio of 1,075.85, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69.

Pets at Home Group declared that its Board of Directors has authorized a stock buyback plan on Monday, June 9th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

About Pets at Home Group

We are the UK’s leading pet care business, providing pet owners with everything they need to be able to look after their pet – from food, toys and bedding, and grooming services, right the way through to first opinion veterinary care.

Our stores represent a unique environment and provide a practical, fun and unique experience for pet owners.