Jefferies analyst Andrew Wade maintained a Buy rating on Pets at Home today and set a price target of p265.00.
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Andrew Wade has given his Buy rating due to a combination of factors, notably the company’s clear return to positive like-for-like growth in its retail division in the fourth quarter, which also delivered solid underlying volume gains of about 5%. He views this as evidence that operational momentum is improving, with the business demonstrating the ability to regain growth even before the full benefits of its retail turnaround initiatives are realized.
In addition, Wade highlights that the Vet Group segment is still expanding at a healthy pace, although he expects growth there to moderate somewhat over the next few quarters. He also notes that profit expectations for fiscal 2026 have been reaffirmed, which, combined with the strengthening retail performance, supports confidence in the earnings outlook and underpins his positive stance on the shares.
In another report released today, TipRanks – OpenAI also reiterated a Buy rating on the stock with a p198.00 price target.