Pets at Home shares to drop, say analysts

A market analyst has predicted shares in Pets at Home will drop by 2.7% down to 120p by the end of the week, on par with its lowest ever one year result.

The analyst, Liberum Capital has recommended traders to sell shares after it predicted the opening price of 123.3p would fall.

Over the last 90 trading days the company’s share price decreased by 54.3 points, with a 29.3 points fall over the last 30 days.

The one year high for the group’s share price is 221.7p while the record one year low sits at 120p.

Pets at Home currently has 500,000,000 shares in issue trading with a 149.66p moving average over the past 50 days.

• Pets at Home announce £2.5m warehouse update
• Mother and children find dead rabbit in enclosure at Pets at Home
• Pets at Home profits plummet