Pets at Home Group (LON:PETS) Shares Cross Above Fifty Day Moving Average of $274.70

Pets at Home Group Plc (LON:PETS)’s stock price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 274.70 ($3.39) and traded as high as GBX 285.80 ($3.53). Pets at Home Group shares last traded at GBX 282.60 ($3.49), with a volume of 243,204 shares traded.

Wall Street Analysts Forecast Growth

PETS has been the topic of a number of research analyst reports. Berenberg Bank cut Pets at Home Group to a “hold” rating and lowered their price target for the stock from GBX 440 ($5.43) to GBX 390 ($4.82) in a report on Wednesday, January 31st. Jefferies Financial Group reiterated a “buy” rating and set a GBX 425 ($5.25) price objective on shares of Pets at Home Group in a research report on Wednesday, March 20th.

Pets at Home Group Price Performance

The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 45.27. The company has a market capitalization of £1.33 billion, a PE ratio of 1,771.25, a price-to-earnings-growth ratio of 2.66 and a beta of 0.56. The firm’s 50 day simple moving average is GBX 274.68 and its 200 day simple moving average is GBX 292.41.

Pets at Home Group Company Profile

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.