Pets at Home Group (PETS)

Sector:

Retailers

Index:

FTSE 250

273.20p
   
  • Change Today:
      1.00p
  • 52 Week High: 319.20
  • 52 Week Low: 195.20
  • Currency: UK Pounds
  • Shares Issued: 459.49m
  • Volume: 1,540,200
  • Market Cap: £1,255.33m
  • Beta: 0.02

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 273.20p
Change Today 1.00p
% Change 0.37 %
52 Week High 319.20
52 Week Low 195.20
Volume 1,540,200
Shares Issued 459.49m
Market Cap £1,255.33m
Beta 0.02

PETS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.15% below the market average54.15% below the market average54.15% below the market average54.15% below the market average54.15% below the market average
38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average38.89% below the sector average
Price Trend
12.2% below the market average12.2% below the market average12.2% below the market average12.2% below the market average12.2% below the market average
5.56% below the sector average5.56% below the sector average5.56% below the sector average5.56% below the sector average5.56% below the sector average
Income
54.31% above the market average54.31% above the market average54.31% above the market average54.31% above the market average54.31% above the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average
Growth
50.35% below the market average50.35% below the market average50.35% below the market average50.35% below the market average50.35% below the market average
11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average11.11% below the sector average

What The Brokers Say

Strong Buy 6
Buy 1
Neutral 2
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
  Final Interim
Ex-Div 05-Jun-25 05-Dec-24
Paid 16-Jul-25 10-Jan-25
Amount 8.30p 4.70p

Trades for 04-Jun-2025

Time Volume / Share Price
16:00 2 @ 271.80p
16:00 6 @ 271.80p
15:30 6 @ 272.00p
16:47 30,149 @ 273.20p
15:14 0 @ 272.00p

PETS Key Personnel

CEO Lyssa McGowan

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