Berenberg Bank reiterates “Buy” rating for Pets at Home group (LON:PETS)


Pets at Home Group (LON:PETS)The company’s stock had its “buy” rating reissued by Berenberg Bank equity researchers in a report released Wednesday, Digital Look reports. They currently have a GBX 570 ($7.71) price target on the stock. Berenberg Bank’s price target would indicate a potential upside of 40.60% from the company’s current price.

Other equity research analysts have also recently released reports on the stock. Peel Hunt reiterated an “added” note and issued a price target of 525 GBX ($7.10) on shares of Pets at Home Group in a Wednesday, November 3 report. Shore Capital reiterated an “under review” rating on Pets at Home Group stock in a Wednesday, Jan. 26, report. Peel Hunt reiterated an “added” note and issued a price target of 525 GBX ($7.10) on shares of Pets at Home Group in a Wednesday, November 3 report. Royal Bank of Canada reiterated an “industry performance” rating and set a price target of 450 GBX ($6.09) on shares of Pets at Home Group in a Monday, January 31 report. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on Pets at Home group shares in a report released on Tuesday. One equity research analyst gave the stock a hold rating and five gave the company a buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of 535.71 GBX ($7.24).

Shares of LON PETS opened Wednesday at 405.40 GBX ($5.48). Pets at Home Group has a twelve month minimum of 367.60 GBX ($4.97) and a twelve month maximum of 524.50 GBX ($7.09). The company’s fifty-day moving average price is 443.60 GBX. The company has a market capitalization of £2.03 billion and a P/E ratio of 16.61. The company has a debt ratio of 49.13, a current ratio of 0.86 and a quick ratio of 0.57.

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Pets at Home Group Company Profile

Pets at Home Group Plc, through its subsidiaries, operates as a specialist retailer of pet food, pet related products and pet accessories in the United Kingdom. The company offers a line of pet foods for dogs, cats, small animals, fish, reptiles and birds. It also provides pet accessories, including cat litters, collars, leashes and harnesses, bedding, housing, food, health and hygiene products, travel, training and enrichment for dogs, cats, small mammals, fish, birds and reptiles.

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

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