Pets at Home Group (LON:PETS) Shares Cross Below Two Hundred Day Moving Average – Should You Sell?

by · The Markets Daily

Pets at Home Group Plc (LON:PETS – Get Free Report)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 244.26 ($3.24) and traded as low as GBX 228.40 ($3.03). Pets at Home Group shares last traded at GBX 229.80 ($3.05), with a volume of 724,728 shares traded.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Canaccord Genuity Group dropped their price target on Pets at Home Group from GBX 328 ($4.35) to GBX 300 ($3.98) and set a “buy” rating for the company in a research note on Tuesday, April 1st. Shore Capital reaffirmed a “not rated” rating on shares of Pets at Home Group in a report on Monday, March 31st. Finally, Berenberg Bank decreased their target price on Pets at Home Group from GBX 290 ($3.85) to GBX 245 ($3.25) and set a “hold” rating on the stock in a research report on Tuesday, April 1st.

Check Out Our Latest Research Report on PETS

Pets at Home Group Stock Performance

The company has a market capitalization of £1.07 billion, a price-to-earnings ratio of 14.21, a price-to-earnings-growth ratio of 2.66 and a beta of 0.69. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 43.13. The stock has a 50 day moving average of GBX 229.98 and a 200 day moving average of GBX 244.19.

Insider Transactions at Pets at Home Group

In related news, insider Garret Turley purchased 21,349 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of GBX 234 ($3.10) per share, for a total transaction of £49,956.66 ($66,281.89). Corporate insiders own 1.80% of the company’s stock.

Pets at Home Group Company Profile

(Get Free Report)

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.

Further Reading