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Pets at Home Group (LON:PETS) Share Price Crosses Above 50-Day Moving Average of $317.18

pets

Shares of Pets at Home Group Plc (LON:PETS – Get Rating) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 317.18 ($3.83) and traded as high as GBX 366 ($4.42). Pets at Home Group shares last traded at GBX 365.80 ($4.42), with a volume of 916,369 shares traded.


Analyst Ratings Changes

A number of brokerages have recently issued reports on PETS. Royal Bank of Canada lowered shares of Pets at Home Group to an “underperform” rating and dropped their price target for the stock from GBX 330 ($3.99) to GBX 280 ($3.38) in a research note on Monday, July 4th. Shore Capital reissued a “buy” rating on shares of Pets at Home Group in a research note on Thursday, August 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 385 ($4.65) price objective on shares of Pets at Home Group in a research report on Monday, August 8th.

Finally, Berenberg Bank lowered their target price on shares of Pets at Home Group from GBX 510 ($6.16) to GBX 470 ($5.68) and set a “buy” rating on the stock in a research report on Wednesday, June 15th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 451.67 ($5.46).

Pets at Home Group Trading Up 0.6 %

The business’s 50-day simple moving average is GBX 317.18 and its 200-day simple moving average is GBX 336.75. The company has a market cap of £1.83 billion and a price-to-earnings ratio of 1,524.17. The company has a debt-to-equity ratio of 45.72, a current ratio of 1.03 and a quick ratio of 0.69.

Pets at Home Group Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 12th. Shareholders of record on Thursday, June 16th were given a dividend of GBX 7.50 ($0.09) per share. This is an increase from Pets at Home Group’s previous dividend of $4.30. The ex-dividend date was Thursday, June 16th. This represents a yield of 2.36%. Pets at Home Group’s dividend payout ratio (DPR) is presently 40.83%.

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