Canaccord Genuity Group Lowers Pets at Home Group (LON:PETS) Price Target to GBX 300

Pets at Home Group (LON:PETS) had its target price reduced by equities research analysts at Canaccord Genuity Group from GBX 328 ($4.26) to GBX 300 ($3.90) in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 35.50% from the company’s previous close.

Separately, Shore Capital restated a “not rated” rating on shares of Pets at Home Group in a research note on Monday.

Pets at Home Group Stock Performance

LON PETS opened at GBX 221.40 ($2.87) on Tuesday. The firm has a 50-day moving average price of GBX 229.10 and a two-hundred day moving average price of GBX 251.23. Pets at Home Group has a 12-month low of GBX 193.90 ($2.52) and a 12-month high of GBX 326 ($4.23). The company has a market capitalization of £1.01 billion, a P/E ratio of 13.46, a P/E/G ratio of 2.66 and a beta of 0.69. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 43.13.

Insider Transactions at Pets at Home Group

In other Pets at Home Group news, insider Garret Turley bought 21,349 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of GBX 234 ($3.04) per share, for a total transaction of £49,956.66 ($64,870.35). 1.80% of the stock is currently owned by insiders.

About Pets at Home Group

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.