Pets in Home Group (LON: PETS) downgraded to ‘poor performer’ at Royal Bank of Canada

Pets at Home Group (LON: PETS – Get Rating) The rating was downgraded by equity analysts at Royal Bank of Canada to a rating of “underperforming” in a research note issued to investors on Monday, Marketbeat.com reports. They currently have a price target of GBX 280 ($3.44) on the stock, down from their previous price target of GBX 330 ($4.05). Royal Bank of Canada’s price target indicates a potential upside of 1.74% from the current share price.

A number of other analysts have also recently released reports on the stock. Shore Capital reissued a “buy” rating for shares of Pets at Home Group in a report released on Tuesday, May 24th. Deutsche Bank Aktiengesellschaft lowered its price target for Home Group’s pet stock from GBX 430 ($5.28) to GBX 385 ($4.72) and assigned a “buy” rating to the stock in a report on Wednesday, May 25. Peel Hunt reissued a “buy” rating and issued a GBX 475 ($5.83) price target on shares of Pets at Home Group in a research note on Tuesday, April 12th. Finally, Berenberg Bank lowered its price target for Pets at Home Group shares from GBX 510 ($6.26) to GBX 470 ($5.77) and assigned the company a “buy” rating in a research report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Pets at Home Group has an average rating of “Moderate Buy” and a target price of GBX 465.71 ($5.71).

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LON PETS shares opened at GBX 275.20 ($3.38) on Monday. The company’s 50-day moving average is GBX 309.35 and its 200-day moving average is GBX 364.47. Pets in the Home Group have a one-year low of GBX 266.80 ($3.27) and a one-year high of GBX 524.50 ($6.43). The company has a market capitalization of £1.37 billion and a PE ratio of 1.094.34. The company has a debt-to-equity ratio of 45.72, a quick ratio of 0.69 and a trading ratio of 1.03.

In related news, insider Michael Eddon sold 60,450 shares of Bates At Home Group Inc. in a transaction that took place on Monday, May 30th. The shares were sold at an average price of GBX 340 ($4.17), with a total value of £205,530 ($252,153.11). Also, insider Lisa McGowan purchased 32,325 shares of the company’s stock in a transaction that took place on Wednesday, May 25. The stock was purchased at an average price of GBX 309 ($3.79) per share, with a total value of £99,884.25 ($122.542.33).

About Pets in Home Group (Get Rating)

Pets Home Group Plc is involved in the specialized multi-channel retailing of pet food, pet related products and pet supplies in the UK. It operates through three segments: Retail, Vet Group, and Central. The company offers a range of pet foods for dogs, cats, small animals, fish, reptiles and birds.

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Home Group's Pet Analysts Recommendations (LON: PETS)

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