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Pets at Home Group (LON:PETS) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Pets at Home Group logo with Consumer Cyclical background

Pets at Home Group Plc (LON:PETS - Get Free Report)'s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 244.26 ($3.24) and traded as low as GBX 228.40 ($3.03). Pets at Home Group shares last traded at GBX 229.80 ($3.04), with a volume of 724,728 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Shore Capital restated a "not rated" rating on shares of Pets at Home Group in a research report on Monday, March 31st. Berenberg Bank reduced their target price on Pets at Home Group from GBX 290 ($3.84) to GBX 245 ($3.25) and set a "hold" rating for the company in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group lowered their price target on Pets at Home Group from GBX 328 ($4.35) to GBX 300 ($3.98) and set a "buy" rating on the stock in a report on Tuesday, April 1st.

Get Our Latest Report on Pets at Home Group

Pets at Home Group Price Performance

The stock has a market capitalization of £1.05 billion, a PE ratio of 14.05, 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. The stock's 50-day moving average is GBX 230.36 and its 200 day moving average is GBX 242.38.

Insider Activity

In other news, insider Garret Turley purchased 21,349 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average price of GBX 234 ($3.10) per share, with a total value of £49,956.66 ($66,194.06). 1.80% of the stock is currently owned by corporate insiders.

About Pets at Home Group

(Get Free Report)

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.

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