Berenberg cuts Pets at Home to 'hold' on cost headwinds
1st Feb 2024 09:53
(Sharecast News) - Shares of Pets at Home were under selling pressure on Thursday after analysts at Berenberg cut their rating on the stock from 'buy' to 'hold' and slashed their target price by nearly 10%.
Read moreLondon close: Stocks finish higher on raft of global data
30th Jan 2024 16:00
(Sharecast News) - London's stock markets managed modest gains on Tuesday, driven by the news that the eurozone had narrowly avoided a recession.
Read morePets at Home cuts full-year profit outlook
30th Jan 2024 07:23
(Sharecast News) - Pets at Home cut its full-year profit outlook on Tuesday after a weaker-than-expected performance at its retail business in the third quarter.
Read moreLondon close: Stocks slip after mountain of broker notes
28th Nov 2023 15:30
(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.
Read morePets at Home backs FY guidance as interim revenues grow
28th Nov 2023 07:21
(Sharecast News) - Pets at Home backed its full-year guidance on Tuesday as it posted a jump in interim revenues, although profits fell as it continued to invest in its new digital platform and moved to a new distribution centre.
Read moreShoreCap downgrades Pets at Home to 'hold'
24th Oct 2023 08:13
(Sharecast News) - Shore Capital has slashed its rating on pet supplies retailer Pets at Home from 'buy' to 'hold' due to operational challenges and the ongoing regulatory investigation of its vet business.
Read moreRBC Capital upgrades CVS Group to 'outperform'
13th Sep 2023 11:51
(Sharecast News) - RBC Capital Markets upgraded CVS Group to 'outperform' from 'sector perform' on Wednesday as it argued that risks over the Competition and Markets Authority's recently-announced review are overdone.
Read moreLondon close: Stocks mixed as weaker pound lifts FTSE 100
7th Sep 2023 15:57
(Sharecast News) - London's stock market presented a mixed close on Thursday, with the bourse's top-flight index ending in positive territory, buoyed by a weakening pound.
Read morePets at Home tumbles as CMA launches review of vet services
7th Sep 2023 09:35
(Sharecast News) - Shares of Pets at Home and CVS Group tumbled on Thursday after the Competition and Markets Authority said it was launching a probe into the £2bn veterinary services market for household pets.
Read moreBerenberg lifts Pets at Home price target
7th Jun 2023 13:04
(Sharecast News) - Berenberg lifted its price target on Pets at Home on Wednesday to 460p from 430p as it said the company's strong momentum continued through Q423, "meaning a further removal of concerns around the impact of the weak consumer backdrop and a potential post-Covid-19 normalisation in pet spend".
Read moreBroker tips: Pets at Home, SSP Group
7th Jun 2023 07:46
(Sharecast News) - Berenberg lifted its price target on Pets at Home on Wednesday to 460p from 430p as it said the company's strong momentum continued through Q423, "meaning a further removal of concerns around the impact of the weak consumer backdrop and a potential post-Covid-19 normalisation in pet spend".
Read morePets at Home hails record FY performance
25th May 2023 07:21
(Sharecast News) - Pets at Home announced a further £50m share buyback on Thursday as it hailed a record full-year performance, posting a jump in underlying pre-tax profit and revenue.
Read moreBerenberg hikes Pets at Home price target
15th Feb 2023 09:14
(Sharecast News) - Berenberg lifted its price target on Pets at Home on Wednesday to 430p from 370p and reiterated its 'buy' recommendation as it said the upgrade cycle wasn't over.
Read moreDeutsche Bank upgrades B&M, downgrades Kingfisher
3rd Feb 2023 09:14
(Sharecast News) - Deutsche Bank adjusted its ratings on a number of retailers on Friday, as it noted that the European general retail sector ended 2022 on a "surprisingly good" note.
Read morePets at Home lifts full-year profit guidance
31st Jan 2023 07:42
(Sharecast News) - Pets at Home lifted its full-year profit guidance on Tuesday as it hailed record third-quarter consumer revenues.
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