Pets at Home Group (PETS)

Sector:

Retailers

Index:

FTSE 250

521.00p
   
  • Change Today:
      8.00p
  • 52 Week High: 524.50p
  • 52 Week Low: 305.20p
  • Currency: UK Pounds
  • Shares Issued: 500.00m
  • Volume: 361,131
  • Market Cap: £2,605.00m

Liberum upgrades Pets at Home to 'buy' after results

By Michele Maatouk

Date: Thursday 17 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Liberum upgraded Pets at Home to 'buy' from 'hold' on Thursday, lifting the price target to 510p from 460p, driven by the broker's new, higher forecasts following the company's preliminary results.
The broker upped its FY22 pre-tax profit estimate by 7.5% to £126m, which sits slightly above the mid-point of the £120m-130m guided range. It lifted its FY23E pre-tax profit forecast by 13.2% to £144m.

"We acknowledge the current premium valuation (CY21 PER 24x), yet see this as justifiable for the 13.7% FY20-24E profit before tax compound annual growth rate we now forecast," it said.

"There is upside risk to this as PETS' multiple self-help levers look set to drive further outperformance versus the UK pet care market's accelerating growth."

Liberum said the re-calibration of the Vet Group is now complete with impacts fully annualised meaning greater leverage benefits, higher visibility on profit trajectory and enhanced cash flows to support an already "very strong" balance sheet.

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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 521.00p
Change Today 8.00p
% Change 1.56 %
52 Week High 524.50p
52 Week Low 305.20p
Volume 361,131
Shares Issued 500.00m
Market Cap £2,605.00m

PETS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.78% below the market average75.78% below the market average75.78% below the market average75.78% below the market average75.78% below the market average
63.27% below the sector average63.27% below the sector average63.27% below the sector average63.27% below the sector average63.27% below the sector average
Price Trend
84.84% above the market average84.84% above the market average84.84% above the market average84.84% above the market average84.84% above the market average
81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average81.82% above the sector average
Income
22.42% below the market average22.42% below the market average22.42% below the market average22.42% below the market average22.42% below the market average
61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average61.54% below the sector average
Growth
86.09% above the market average86.09% above the market average86.09% above the market average86.09% above the market average86.09% above the market average
72.00% above the sector average72.00% above the sector average72.00% above the sector average72.00% above the sector average72.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 7
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 17-Jun-21 03-Dec-20
Paid 13-Jul-21 08-Jan-21
Amount 5.50p 2.50p

Trades for 23-Sep-2021

Time Volume / Share Price
15:24 212 @ 521.00p
15:24 435 @ 521.50p
15:24 850 @ 521.50p
15:24 25 @ 521.50p
15:24 29 @ 521.50p

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