Pets at Home Group (LON:PETS) Stock Crosses Below 200-Day Moving Average – Here’s Why

Shares of Pets at Home Group Plc (LON:PETS) crossed 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.

Analyst Upgrades and Downgrades

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

Pets at Home Group Stock Up 1.7 %

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

Insider Activity at Pets at Home Group

In related news, insider Garret Turley purchased 21,349 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of GBX 234 ($3.10) per share, for a total transaction of £49,956.66 ($66,281.89). 1.80% of the stock is owned by insiders.

Pets at Home Group Company Profile

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.