It May Be Time to Sell Shares of Pets At Home Group Plc (LON:PETS) as Berenberg Has Downgraded The Company

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Pets At Home Group Plc (LON:PETS) Receives a Downgrade

London-listed Pets At Home Group Plc (LON:PETS), was downgraded by expert analysts at Berenberg who downgraded their rating on the 1.40 billion GBP market cap firm to a “Hold”, but decided to stick with their target price of GBX 305.00 on PETS shares.

From a total of 8 analysts covering Pets At Home Group Plc (LON:PETS) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is GBX 340 while the lowest target price is GBX 160. The mean of all analyst targets is GBX 295.88 with a 15.86% above today’s (GBX 280) stock price. Pets At Home Group Plc was the topic of 23 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Nomura maintained shares on December 7 with “Buy” rating. Liberum Capital maintained shares with “Buy” rating and GBX 350 target share price in a report from a November 23. Liberum Capital maintained PETS stock in a recent report from November 30 with “Buy” rating. Finally, HSBC maintained the stock with “Buy” rating in a report issued on a September 16.

The stock decreased 0.32% or GBX 0.9 on December 16, striking GBX 280. Approximately shares of stock traded hands. Pets at Home Group PLC (LON:PETS) has risen 2.56% since May 20, 2015 and is uptrending. It has outperformed by 4.82% the S&P500.

 It May Be Time to Sell Shares of Pets At Home Group Plc (LON:PETS) as Berenberg Has Downgraded The Company

The overall sentiment of institutions has increased to 1.74 in Q2 2015. Its up 0.56, from 1.18 in 2015Q2. The ratio is positive, as 14 institutions have sold all the shares of Pets at Home Group PLC that they owned while 33 funds have taken shares off the table. 20 funds have purchased shares for the first time while 62 added to their positions. These institutions now hold 16.05 million shares or 1.85% more than the 15.76 million shares they owned in 2015Q2.

The Fund Ims Capital Management currently is holding shares equating to 1.53% of its total portfolio in Pets at Home Group PLC representing a total of 79,210 shares. Another fund,Oaktop Capital Management Ii L.P., is holding a total of 373,675 shares equating to 1.35% of their holdings. Additionally, Clark Estates Inc Ny has a 167,000 share stake in Pets at Home Group PLC which represents 0.46% of their total portfolio. The Fund, North Star Investment Management Corp., based out of Illinois, has also built up a stake in the stock, which represents a total of 0.4% of their total portfolio. Finally Diversified Investment Strategies Llc, a fund which is based in the state of Louisiana reported a total holdings of 19,025 shares.

Insider activity is a very important aspect to track on any stock. Going back to March 26, 2015, shareholders of Pets at Home Group PLC have witnessed 0 insider buys, and a total of 4 selling transactions equating to a net activity of approximately $235,965 . Korn Ronald J sold 4,000 shares worth approximately $66,960. Rosenbloom Bruce S sold 500 shares worth approximately $9,125. Akdag Menderes sold 8,000 shares worth approximately $142,000. Formica Frank J sold 7,500 shares worth approximately $123,825.

Pets at Home Group Plc is a United Kingdom firm engaged in the sale of pet services and products, and accessories through retail outlets and Websites. The company has a market cap of 1.40 billion GBP. The principal activity of the Company is that of a specialist retailer of pet food, pet related products and pet accessories. It has 20.44 P/E ratio. The Firm offers pet food, such as advanced nutrition, grocery food, treats and other food.

According to Zacks Investment Research, “Petmed Express is America’s largest pet pharmacy, delivering prescription and non-prescription pet medications and health and nutritional supplements for dogs and cats at competitive prices direct to the consumer through its 1-800-PetMeds toll free number and on the Internet.”

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