Pets at Home Group (PETS)

Sector:

Retailers

Index:

FTSE 250

268.40p
   
  • Change Today:
    -1.60p
  • 52 Week High: 397.60
  • 52 Week Low: 254.40
  • Currency: UK Pounds
  • Shares Issued: 467.91m
  • Volume: 970,965
  • Market Cap: £1,255.87m

Berenberg hikes Pets at Home price target

By Michele Maatouk

Date: Wednesday 15 Feb 2023

LONDON (ShareCast) - (Sharecast News) - Berenberg lifted its price target on Pets at Home on Wednesday to 430p from 370p and reiterated its 'buy' recommendation as it said the upgrade cycle wasn't over.
The bank said the retailer's continued strong momentum should go some way to allaying fears regarding the impact of the post-Covid normalisation in pet spending and the difficult macroeconomic backdrop.

"Furthermore, although the recent upgrade leaves FY23 expectations well set, we believe that further upgrades are likely moving into FY24, while an attractive medium-term equity story remains," it said.

Berenberg said there are a number of factors that make Pets an attractive medium-term story.

These include: a favourable underlying market, with Euromonitor forecasting the UK pet care market to grow by 3-5% per year in the coming years; well-executed strategic initiatives, including ongoing momentum in its Puppy & Kitten Club membership scheme; a high-growth, high-margin vet business; and balance sheet optionality.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

PETS Market Data

Currency UK Pounds
Share Price 268.40p
Change Today -1.60p
% Change -0.59 %
52 Week High 397.60
52 Week Low 254.40
Volume 970,965
Shares Issued 467.91m
Market Cap £1,255.87m

PETS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.88% below the market average47.88% below the market average47.88% below the market average47.88% below the market average47.88% below the market average
57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average57.89% below the sector average
Price Trend
50.86% below the market average50.86% below the market average50.86% below the market average50.86% below the market average50.86% below the market average
51.22% below the sector average51.22% below the sector average51.22% below the sector average51.22% below the sector average51.22% below the sector average
Income
47.29% above the market average47.29% above the market average47.29% above the market average47.29% above the market average47.29% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
11.84% below the market average11.84% below the market average11.84% below the market average11.84% below the market average11.84% below the market average
15.00% above the sector average15.00% above the sector average15.00% above the sector average15.00% above the sector average15.00% above the sector average

What The Brokers Say

Strong Buy 3
Buy 3
Neutral 3
Sell 1
Strong Sell 0
Total 10
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PETS Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Dec-23 15-Jun-23
Paid 12-Jan-24 11-Jul-23
Amount 4.50p 8.30p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 668,019 @ 268.40p
16:35 954 @ 268.40p
16:35 1,123 @ 268.40p
16:35 540 @ 268.40p
16:35 1,830 @ 268.40p

PETS Key Personnel

CEO Lyssa McGowan

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