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 research report report published on Thursday, Marketbeat Ratings reports. The firm currently has a GBX 350 ($4.50) target price on the stock.

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

Pets at Home Group Stock Performance

Shares of PETS opened at GBX 289 ($3.72) on Thursday. The firm has a 50-day moving average price of GBX 300.80 and a 200 day moving average price of GBX 288.35. The firm has a market capitalization of £1.35 billion, a PE ratio of 1,806.25, a P/E/G ratio of 2.66 and a beta of 0.55. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 45.27. Pets at Home Group has a 52-week low of GBX 251 ($3.23) and a 52-week high of GBX 384.80 ($4.95).

Pets at Home Group Increases Dividend

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

Insider Activity

In other news, insider Michael Iddon sold 56,281 shares of the firm’s stock in a transaction dated 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). Insiders own 6.90% of the company’s stock.

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.