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

Pets at Home Group (LON:PETS) had its price target lowered by analysts at Canaccord Genuity Group from GBX 328 ($4.24) to GBX 300 ($3.88) in a research note issued on Tuesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 38.24% from the stock’s previous close.

Separately, Shore Capital restated a “not rated” rating on shares of Pets at Home Group in a research note on Monday.

Pets at Home Group Stock Performance

Shares of Pets at Home Group stock traded up GBX 0.62 ($0.01) during mid-day trading on Tuesday, hitting GBX 217.02 ($2.80). 2,257,723 shares of the stock were exchanged, compared to its average volume of 3,708,365. Pets at Home Group has a 12 month low of GBX 193.90 ($2.51) and a 12 month high of GBX 326 ($4.21). The company has a 50-day simple moving average of GBX 228.74 and a 200 day simple moving average of GBX 252.37. The company has a market capitalization of £989.88 million, a P/E ratio of 13.19, a P/E/G ratio of 2.66 and a beta of 0.69. The company has a debt-to-equity ratio of 43.13, a quick ratio of 0.57 and a current ratio of 0.63.

Insider Buying and Selling at Pets at Home Group

In other Pets at Home Group news, insider Garret Turley purchased 21,349 shares of the stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of GBX 234 ($3.02) per share, with a total value of £49,956.66 ($64,543.49). 1.80% of the stock is owned by corporate insiders.

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.