Pets at Home Group PLC (PETS) Price Target Cut to GBX 145

Pets at Home Group PLC (LON:PETS) had its target price dropped by Liberum Capital from GBX 160 ($2.04) to GBX 145 ($1.85) in a note issued to investors on Thursday, May 25th. The firm presently has a “sell” rating on the stock. Liberum Capital’s price target points to a potential downside of 10.66% from the stock’s current price.

Several other brokerages have also commented on PETS. HSBC Holdings plc decreased their price target on Pets at Home Group PLC from GBX 200 ($2.55) to GBX 180 ($2.29) and set a “hold” rating on the stock in a research note on Wednesday, May 17th. Shore Capital reaffirmed a “buy” rating on shares of Pets at Home Group PLC in a research note on Thursday, May 25th. Citigroup Inc. reaffirmed a “buy” rating on shares of Pets at Home Group PLC in a research note on Friday, March 31st. Finally, Berenberg Bank reaffirmed a “hold” rating and issued a GBX 270 ($3.44) price target on shares of Pets at Home Group PLC in a research note on Thursday, February 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 216.14 ($2.75).

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

Shares of Pets at Home Group PLC (LON:PETS) traded down 0.12% during trading on Thursday, hitting GBX 162.30. 1,137,507 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of GBX 165.51 and a 200-day moving average price of GBX 192.97. Pets at Home Group PLC has a one year low of GBX 154.10 and a one year high of GBX 273.40. The stock’s market cap is GBX 811.50 million.

The firm also recently disclosed a dividend, which will be paid on Friday, July 14th. Shareholders of record on Thursday, June 15th will be paid a GBX 5 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, June 15th. This represents a yield of 3.05%. This is a positive change from Pets at Home Group PLC’s previous dividend of $2.50.

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In other Pets at Home Group PLC news, insider Tony DeNunzio acquired 310,000 shares of Pets at Home Group PLC stock in a transaction on Wednesday, June 14th. The shares were bought at an average price of GBX 165 ($2.10) per share, with a total value of £511,500 ($651,675.37). Also, insider Sharon Flood acquired 30,373 shares of Pets at Home Group PLC stock in a transaction on Friday, May 26th. The stock was acquired at an average cost of GBX 165 ($2.10) per share, for a total transaction of £50,115.45 ($63,849.47).

About Pets at Home Group PLC

Pets at Home Group Plc is a United Kingdom-based holding company. The Company is a retailer of pet food, pet products and pet-related services. The Company is also the operator of an animal veterinary business and pet grooming salons and the multi-channel equestrian retailer, Ride-away. The Company has a format, dog focused high street store called Barkers, which offers premium products and services targeted at highly engaged dog owners.

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