Canaccord Genuity Group Reaffirms Buy Rating for Pets at Home Group (LON:PETS)

Canaccord Genuity Group reissued their buy rating on shares of Pets at Home Group (LON:PETS) in a report released on Thursday morning, MarketBeat reports. Canaccord Genuity Group currently has a GBX 350 ($4.50) price objective on the stock.

Separately, Berenberg Bank cut their price target on shares of Pets at Home Group from GBX 390 ($5.02) to GBX 330 ($4.24) and set a hold rating on the stock in a research note on Thursday, May 30th.

Pets at Home Group Price Performance

Shares of PETS opened at GBX 289 ($3.72) on Thursday. Pets at Home Group has a twelve month low of GBX 251 ($3.23) and a twelve month high of GBX 384.80 ($4.95). The firm’s fifty day simple moving average is GBX 300.80 and its 200-day simple moving average is GBX 288.35. The firm has a market capitalization of £1.35 billion, a price-to-earnings ratio of 1,806.25, a PEG ratio of 2.66 and a beta of 0.55. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 45.27.

Pets at Home Group Increases Dividend

The business also recently declared a dividend, which was paid on Tuesday, July 16th. Investors of record on Thursday, June 6th were paid a dividend of GBX 8.30 ($0.11) per share. This is a positive change from Pets at Home Group’s previous dividend of $4.50. This represents a yield of 2.93%. The ex-dividend date of this dividend was Thursday, June 6th. Pets at Home Group’s dividend payout ratio (DPR) is currently 8,125.00%.

Insider Buying and Selling

In other Pets at Home Group news, insider Michael Iddon sold 56,281 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of GBX 310 ($3.99), for a total transaction of £174,471.10 ($224,428.99). 6.90% of the stock is owned by company insiders.

Pets at Home Group Company Profile

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.