Pets at Home Group PLC 22.3% potential upside indicated by Berenberg Bank

Pets at Home Group PLC with ticker (LON:PETS) now has a potential upside of 22.3% according to Berenberg Bank.



Berenberg Bank set a target price of 480 GBX for the company, which when compared to the Pets at Home Group PLC share price of 393 GBX at opening today (14/06/2023) indicates a potential upside of 22.3%. Trading has ranged between 255 (52 week low) and 400 (52 week high) with an average of 1,119,941 shares exchanging hands daily. The market capitalisation at the time of writing is £1,873,877,929.

Pets at Home Group Plc is a United Kingdom-based company. The Company is engaged in the pet care business, providing pets and their owners with various advice and products. It operates through three segments: Retail, Vet Group and Central. The Retail segment comprises of the retailing of pet products purchased online and in-store, pet sales, grooming services and insurance products. The Vet Group segment comprises of First Opinion practices. The Central segment includes the veterinary telehealth business. The Company’s brands include Pets at Home, Vets4Pets and the Groom Room. It offers pet products online or from its 457 stores, which also have vet practices and grooming salons. The pet grooming services offered include a full groom, bath and brush, microchipping and nail clipping. The Company also operates a small animal veterinary business, with 444 veterinary General Practices. Its subsidiaries include Accrington Vets4Pets Limited and Companion Care (Banbury) Limited, among others.