Pets at Home Group’s (LON:PETS) Hold Rating Reiterated at HSBC

HSBC restated their hold rating on shares of Pets at Home Group (LON:PETS) in a research report report published on Friday, June 7th, ThisIsMoney.Co.Uk reports. HSBC currently has a GBX 190 ($2.48) target price on the stock.

A number of other analysts have also recently commented on PETS. Berenberg Bank boosted their target price on shares of Pets at Home Group from GBX 130 ($1.70) to GBX 175 ($2.29) and gave the company a hold rating in a report on Thursday, May 30th. Liberum Capital restated a hold rating and set a GBX 120 ($1.57) target price on shares of Pets at Home Group in a report on Wednesday, May 22nd. Shore Capital restated a hold rating on shares of Pets at Home Group in a report on Monday, May 20th. Numis Securities restated a buy rating and set a GBX 225 ($2.94) target price on shares of Pets at Home Group in a report on Wednesday, May 29th. Finally, Citigroup upgraded shares of Pets at Home Group to a buy rating in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of GBX 162.83 ($2.13).

LON:PETS traded down GBX 0.90 ($0.01) during trading hours on Friday, hitting GBX 187.10 ($2.44). The company had a trading volume of 2,332,580 shares, compared to its average volume of 1,140,000. Pets at Home Group has a 52 week low of GBX 102.20 ($1.34) and a 52 week high of GBX 192.60 ($2.52). The firm has a market cap of $935.50 million and a P/E ratio of 31.18. The company has a quick ratio of 0.41, a current ratio of 0.91 and a debt-to-equity ratio of 19.85. The company’s 50-day simple moving average is GBX 173.86.

The firm also recently announced a dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Thursday, June 13th will be given a GBX 5 ($0.07) dividend. This is a positive change from Pets at Home Group’s previous dividend of $2.50. The ex-dividend date of this dividend is Thursday, June 13th. This represents a yield of 3.02%. Pets at Home Group’s payout ratio is 1.17%.

In other Pets at Home Group news, insider Peter Pritchard sold 23,683 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of GBX 185 ($2.42), for a total value of £43,813.55 ($57,250.16).

About Pets at Home Group

Pets at Home Group Plc, through its subsidiaries, operates as a specialist retailer of pet food, pet related products, and pet accessories in the United Kingdom. The company offers a range of diets for dogs, cats, small mammals, fish, reptiles, and birds. It also provides pet accessories, including collars, leads and harnesses, bedding, housing, feeding, health and hygiene, travel, training, and enrichment products for dogs, cats, small mammals, fish, birds, and reptiles.

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Analyst Recommendations for Pets at Home Group (LON:PETS)

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