Pets at Home shares fall as HSBC cuts rating to 'hold'
20th Jan 2017 08:56
(ShareCast News) - Pets at Home shares fell on Friday after HSBC downgraded the stock to 'hold' from 'buy' and lowered the target price to 230p from 290p after the company reported its third quarter trading update. The pet supplier on Thursday said group revenue was up 4.4% to £203.7m in the 12 week
Read morePets at Home Q3 revenue up; FY profit outlook in line
19th Jan 2017 07:22
(ShareCast News) - Pets at Home posted a rise in group revenue for the third quarter as it said the profit outlook for the year remains in line with expectations. For the 12 weeks to 5 January 2017, group revenue was up 4.4% to £203.7m, with group like-for-like revenue growth of 0.1%, reflecting con
Read moreNumis initiates coverage of Pets at Home at 'add'
20th Dec 2016 14:43
(ShareCast News) - Numis has initiated coverage of Pets at Home with an 'add' rating and target price of 256p, saying the company is a "market leader with a strong track record". "Despite the meaningful near-term challenges facing the business, we believe the scale, quality and visibility of the lon
Read moreLondon close: UK stocks subdued on US Thanksgiving as resources in focus
24th Nov 2016 16:41
(ShareCast News) - UK stocks were in cautious form all day Thursday, with global markets generally subdued as traders in the US put their feet up for a Thanksgiving break. The FTSE 100 closed up 0.17% to 6,829.20. The FTSE 250 ended the session down 0.18% to 17,590.62. On the blue-chip upside, seve
Read morePets at Home H1 pre-tax profits boosted by stronger revenues
24th Nov 2016 07:49
(ShareCast News) - Pets at Home Group said first half pre-tax profits jumped to £45.9m from £40.91m, adding that its outlook for the full year remained in line with expectations despite a tough trading environment. Higher sales of pet food, accessories and a strong performance from veterinary servic
Read moreTuesday broker round-up
22nd Nov 2016 09:56
(ShareCast News) - BT Group: UBS reiterates neutral with a target price of 400p. Tesco: JP Morgan reiterates underweight with a 135p target. Relx: Credit Suisse stays at outperform with a 1600p target. Pets at Home: HSBC reiterates buy with a 320p target. Royal Dutch Shell B: UBS starts coverage
Read morePets at Home appoints New Look's Mike Iddon as CFO
28th Sep 2016 07:55
(ShareCast News) - Pets at Home has appointed Mike Iddon as group chief financial officer with effect from 17 October. Iddon was the CFO of fashion retailer New Look from 2014 until earlier this year. Prior to that, he held a number of finance roles at Tesco over thirteen years, with his final posit
Read moreBroker tips: Pets at Home, Wood Group, Astrazeneca
12th Sep 2016 11:03
(ShareCast News) - Citigroup initiated coverage of Pets at Home at 'buy' with a 275p price target, given its expectation of the medium-term margin upside opportunity and cash returns. The bank reckons that over the next 10 years, the vet business could generate an incremental £40m earnings before in
Read moreCitigroup initiates Pets at Home at 'buy'
12th Sep 2016 09:28
(ShareCast News) - Citigroup initiated coverage of Pets at Home at 'buy' with a 275p price target, given its expectation of the medium-term margin upside opportunity and cash returns. The bank reckons that over the next 10 years, the vet business could generate an incremental £40m earnings before in
Read moreFriday broker round-up
5th Aug 2016 10:09
(ShareCast News) - Pets at Home: HSBC reiterates buy with a target price of 295p. BT: UBS maintains neutral with a 425p target. Aviva: Exane BNP Paribas reiterates underperform with a 400p target. Inmarsat: HSBC stays at hold with a 940p target. Cairn Energy: UBS upgrades to buy with a target pri
Read morePets at Home grows revenue across several divisions
4th Aug 2016 09:07
(ShareCast News) - Specialist retailer of pet products and services Pets at Home Group announced a first quarter trading up for the 16 week period from 1 April to 21 July on Thursday, with group like-for-like revenue growth of 2.7%. The FTSE 250 firm said this was driven by advanced nutrition, omnic
Read moreBroker tips: UK retailers, Petrofac, Whitbread
5th Jul 2016 10:02
(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar i
Read moreLiberum downgrades Pets at Home, upgrades Supergroup post Brexit
5th Jul 2016 09:15
(ShareCast News) - Liberum revisited its stance on UK general retailers on Tuesday in light of the more uncertain outlook following the vote to leave the European Union. The brokerage said it was more cautious on the generalists, given their UK exposure and in many cases high exposure to US dollar
Read moreFTSE 250 movers: Ibstock retreats as Pets at Home accelerates
26th May 2016 14:30
(ShareCast News) - The FTSE 250 slipped further into the red late as Thursday wore on, despite having peeped its head above water around midday. Leading the index lower, shares in Ibstock subsided as the brick maker reported a slow start to the year for its UK clay business had lasted four months b
Read morePets at Home FY profit edges up, dividend lifted
26th May 2016 07:12
(ShareCast News) - Pets at Home reported an increase in pre-tax profit for the year as revenue grew and the company lifted its dividend. For the 53 weeks to the end of March, statutory pre-tax profit edged up to £92.1m from £90.2m on revenue of £793.1m, up from £777.8m. The services division was par
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