Analyst Andrew Wade from Jefferies maintained a Buy rating on Pets at Home and keeping the price target at p250.00.
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Andrew Wade has given his Buy rating due to a combination of factors that reflect confidence in Pets at Home’s strategic direction and leadership transition. The announcement of CFO Mike Iddon’s retirement after a successful tenure highlights a period of stability and growth, leaving the company with a strong financial foundation. The appointment of Sarah Pollard as the new CFO, who brings significant experience from her previous roles, is seen as a positive move that could support the company’s future endeavors.
Despite potential concerns about changes in senior leadership, the decision to retain Iddon until 2026 ensures a smooth transition, minimizing disruption to strategic and operational plans. Wade’s analysis suggests that the company’s robust balance sheet and the strategic appointment of Pollard position Pets at Home well for continued success, justifying the Buy rating.
According to TipRanks, Wade is a 3-star analyst with an average return of 4.0% and a 53.85% success rate. Wade covers the Consumer Cyclical sector, focusing on stocks such as Pets at Home, Greggs plc, and Frasers Group.
In another report released on September 19, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a p255.00 price target.