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

Pets at Home Group Plc (LON:PETS) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 298.08 ($3.87) and traded as low as GBX 297.40 ($3.86). Pets at Home Group shares last traded at GBX 301.80 ($3.92), with a volume of 1,540,094 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 350 ($4.54) price target on shares of Pets at Home Group in a report on Thursday, August 1st.

Pets at Home Group Stock Down 0.2 %

The stock’s 50 day simple moving average is GBX 304.31 and its two-hundred day simple moving average is GBX 298.08. The firm has a market cap of £1.38 billion, a P/E ratio of 1,887.50, 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 current ratio of 0.63 and a quick ratio of 0.57.

About Pets at Home Group

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.