Pets at Home sales boosted by services arm

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Pets at Home sales boosted by services arm

"Whilst it is still early in the year, the financial outlook is in line with our expectations", said Mr Kellett.

The share price of the company (LON:BVS) was up +0.25% during the last trading session, with a high of 998.00 during the day and the volume of Bovis Homes Group shares traded was 407853. On a like-for-like basis, Merchandise revenue grew by 1.5% and Services revenue rose by 11%. The stock has a 50 day moving average price of GBX 162.03 and a 200-day moving average price of GBX 175.70. The stock presently has a consensus rating of "Hold" and a consensus target price of GBX 226.72 ($2.95).

George Salmon, equity analyst at Hargreaves Lansdown, said: "The UK pet market is steadily growing, and the bond between a pet and its owner should mean the group's cash-generative business model is resilient regardless of any turbulence in the wide economy".

Pets At Home Group Plc has PE ratio of 12.33 with a one year low of 154.10GBX and a one year high of 264.60GBX and has a market capitalization of 0 GBX.

A total of 8 brokerages have issued a ratings update on Pets At Home Group Plc. If you are viewing this report on another domain, it was copied illegally and reposted in violation of U.S. & global copyright & trademark legislation. The correct version of this article can be viewed at https://www.thestockobserver.com/2017/08/08/shore-capital-reiterates-buy-rating-for-pets-at-home-group-plc-pets.html. Also, insider Tony DeNunzio bought 310,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 14th.

Shares of Barclays PLC (BARC) traded down 0.17% during trading on Friday, hitting GBX 210.00.

Tomlinson added: "We acknowledge the company's relatively healthy balance sheet and the current dividend yield of 4.4%, but in our view this does not pay investors enough to wait for a turnaround that could take three years to deliver meaningful profit growth". The ex-dividend date was Thursday, June 15th. Blackrock Fund holds 0.01% of its portfolio in Pets at Home Group PLC (LON:PETS) for 1.61M shares. The stock was purchased at an average cost of GBX 165 ($2.15) per share, with a total value of £50,115.45 ($65,262.99). The Company is a retailer of pet food, pet products and pet-related services.

22/03/2017 - Pets at Home Group had its "Hold" rating reiterated by analysts at HSBC. The Firm is also the operator of an animal veterinary business and pet grooming salons and the multi-channel equestrian retailer, Ride-away. That might be through click and collect or order in store services, or when using subscription services.

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