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

Canaccord Genuity Group restated their buy rating on shares of Pets at Home Group (LON:PETSFree Report) in a research report report published on Monday morning, Marketbeat Ratings reports. The firm currently has a GBX 350 ($4.48) price objective on the stock.

A number of other research firms have also recently commented on PETS. 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 note on Wednesday, March 20th. Berenberg Bank cut their target price on shares of Pets at Home Group from GBX 390 ($5.00) to GBX 330 ($4.23) and set a hold rating for the company in a research report on Thursday, May 30th.

Get Our Latest Analysis on PETS

Pets at Home Group Stock Performance

Shares of PETS opened at GBX 295.80 ($3.79) on Monday. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 45.27. The stock has a 50-day moving average price of GBX 296.98 and a 200-day moving average price of GBX 289.29. The company has a market cap of £1.38 billion, a PE ratio of 1,848.75, a price-to-earnings-growth ratio of 2.66 and a beta of 0.55. 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).

Pets at Home Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Thursday, June 6th will be paid a GBX 8.30 ($0.11) dividend. This is a boost from Pets at Home Group’s previous dividend of $4.50. The ex-dividend date is Thursday, June 6th. This represents a dividend yield of 2.93%. Pets at Home Group’s dividend payout ratio is 8,125.00%.

Insider Activity at Pets at Home Group

In other news, insider Michael Iddon sold 56,281 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of GBX 310 ($3.97), for a total transaction of £174,471.10 ($223,480.34). 6.90% of the stock is owned by 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 pet grooming services comprising a full dog groom, bath, microchipping, and nail clipping; and pet insurance products.

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