Pets at Home Group (PETS)

Sector:

Retailers

Index:

FTSE 250

276.20p
   
  • Change Today:
    -3.80p
  • 52 Week High: 322.60
  • 52 Week Low: 254.40
  • Currency: UK Pounds
  • Shares Issued: 459.49m
  • Volume: 63,012
  • Market Cap: £1,269.11m
  • Beta: 1.24

Liberum upgrades Pets at Home to 'buy', shares surge

By Michele Maatouk

Date: Monday 03 Jun 2024

LONDON (ShareCast) - (Sharecast News) - Pets at Home rallied on Monday as Liberum upgraded its stance on the shares to 'buy' from 'hold' and lifted the price target to 360p from 290p.
"We have rightly been holders since Jan'23 but now see several reasons to move to buy," it said.

"Yes, current trading is not great, but this should change as we move through the year."

Liberum said the new digital platform - "think Amazon, then think Prime and then overlay services (grooming + vets)" - is an immersive integrated platform that should lead to enhanced customer experience driving share of wallet, increase loyalty and frequency.

"The strength of the business and its cashflow profile more than underpins the current valuation and we move to buy as prospects for upgrades are now a lot clearer," it said.

At 1100 BST, the shares were up 6.1% at 314.20p.

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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 276.20p
Change Today -3.80p
% Change -1.36 %
52 Week High 322.60
52 Week Low 254.40
Volume 63,012
Shares Issued 459.49m
Market Cap £1,269.11m
Beta 1.24

PETS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.89% above the market average48.89% above the market average48.89% above the market average48.89% above the market average48.89% above the market average
56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average56.10% above the sector average
Price Trend
19.28% below the market average19.28% below the market average19.28% below the market average19.28% below the market average19.28% below the market average
4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average
Income
44.79% above the market average44.79% above the market average44.79% above the market average44.79% above the market average44.79% above the market average
30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average30.00% above the sector average
Growth
89.82% below the market average89.82% below the market average89.82% below the market average89.82% below the market average89.82% below the market average
80.95% below the sector average80.95% below the sector average80.95% below the sector average80.95% below the sector average80.95% below the sector average

What The Brokers Say

Strong Buy 4
Buy 3
Neutral 1
Sell 1
Strong Sell 0
Total 9
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
  Final Interim
Ex-Div 06-Jun-24 07-Dec-23
Paid 16-Jul-24 12-Jan-24
Amount 8.30p 4.50p

Trades for 25-Nov-2024

Time Volume / Share Price
10:48 20 @ 276.40p
10:47 687 @ 276.20p
10:47 222 @ 276.20p
10:44 976 @ 276.45p
10:40 579 @ 276.80p

PETS Key Personnel

CEO Lyssa McGowan

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