Pets at Home Group (LON:PETS) Price Target Increased to GBX 480 by Analysts at Berenberg Bank

Posted by on Jun 8th, 2023

Pets at Home Group (LON:PETS – Get Rating) had its price target lifted by research analysts at Berenberg Bank from GBX 430 ($5.35) to GBX 480 ($5.97) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s price target points to a potential upside of 22.39% from the stock’s current price.

Separately, Shore Capital restated a “buy” rating on shares of Pets at Home Group in a research note on Tuesday, May 23rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Pets at Home Group currently has a consensus rating of “Hold” and a consensus price target of GBX 365 ($4.54).

Pets at Home Group Price Performance

LON PETS opened at GBX 392.20 ($4.88) on Tuesday. The business’s fifty day simple moving average is GBX 378.43 and its two-hundred day simple moving average is GBX 346.96. The company has a quick ratio of 0.57, a current ratio of 0.96 and a debt-to-equity ratio of 52.90. The company has a market capitalization of £1.90 billion, a PE ratio of 1,961.00, a PEG ratio of 2.66 and a beta of 0.58.

Insider Activity

In related news, insider Michael Iddon sold 23,221 shares of the business’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of GBX 350 ($4.35), for a total value of £81,273.50 ($101,036.18). 4.66% of the stock is owned by company insiders.

Pets at Home Group Company Profile

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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.

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