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Home / Momentum / Pets at Home (PETS.L) 14-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Pets at Home (PETS.L) 14-02-20

Will shares in Pets at Home (PETS.L) continue to new highs?

 

  • The share price performance has been very strong, now trading at 311.08p (at time of writing), .
  • Will we see an end to the trend, or is the momentum set to continue?
  • Could this be the ideal opportunity for those seeking a momentum play?
  • Whilst the trend has been relentless, remember that strong past performance may not always continue.
  • Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -1% from 12-month highs; +135% from 12 month lows.

Latest News

 

07 Feb:  Pets at Home, the retailer and veterinary company, announced it had appointed Ian Burke to the role of chairman. He takes up the role in place of Tony DeNunzio.

24 Jan:  Goldman Sachs reiterates its neutral rating on Pets At Home Group Plc (PETS) and increased the target price to 280p (from 255p).

22 Jan:  Liberum Capital reiterates its buy rating on Pets At Home Group Plc (PETS) and increased the target price to 330p (from 300p).

22 Jan:  Pets at Home announced that revenues grew by 7.9% within Q3 of the financial year, on target to hit full year expectations.

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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