Sharecast News
04 Jul, 2022 15:04

FTSE 250 movers: Pets at Home slumps on downgrade

The FTSE 250 was down 0.08% at 18,622.60 at 1450.

Pets at Home slumped after RBC Capital Markets downgraded the shares to ‘underperform’ from ‘sector perform’ and slashed the price target to 280p from 330p. The bank said PETS has a strong position as a specialist player in the UK pet care market. "However, we believe valuation looks full and consensus forecasts look demanding."

EasyJet shares fell after Peter Bellew resigned as chief operating officer on Friday 1 July to pursue other business opportunities. The airline has been under pressure after being to cancel flights amid the chaos gripping UK airports due to labour shortages across the industry. Shares in rival budget carrier Wizz Air also descended.

Builders’ merchant Grafton fell after it announced that Gavin Slark would be stepping down as chief executive later in the year after 11 years in the role.

Tullow Oil and Energean rose on higher commodities prices.

FTSE 250 - Risers

Wood Group (John) (WG.) 155.90p 3.66%
Centamin (DI) (CEY) 80.00p 3.57%
Virgin Money UK (VMUK) 137.00p 3.51%
Tullow Oil (TLW) 45.04p 3.49%
Energean (ENOG) 1,081.00p 3.15%
Baltic Classifieds Group (BCG) 129.40p 2.70%
Spectris (SXS) 2,772.00p 2.59%
888 Holdings (DI) (888) 176.80p 2.55%
Mediclinic International (MDC) 463.80p 2.34%
Indivior (INDV) 311.60p 2.30%

FTSE 250 - Fallers

Moonpig Group (MOON) 204.80p -10.57%
Pets at Home Group (PETS) 280.20p -9.61%
Grafton Group Ut (CDI) (GFTU) 730.30p -6.59%
easyJet (EZJ) 358.30p -4.93%
Wizz Air Holdings (WIZZ) 1,769.50p -4.79%
Aston Martin Lagonda Global Holdings (AML) 411.50p -3.79%
Ashmore Group (ASHM) 211.40p -3.47%
Micro Focus International (MCRO) 269.00p -3.34%
Hochschild Mining (HOC) 92.25p -3.30%
TP Icap Group (TCAP) 108.50p -3.21%


News Source: © 2022 Web Financial Group (UK) Limited. All rights reserved and terms of use apply.

Important Legal Notice about News Sources: Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news and we may not share the views of the author or publisher. We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.

 

Important Legal Notice about News Sources

Pilling and Co Stockbrokers Ltd. is not responsible for the content or accuracy of third party news articles and we may not share the views of the author or publisher.

We provide third party news for your convenience and information only and make no representation or endorsement whatsoever and hereby exclude all liability for any loss or damage that may be incurred by you as a result of your access or use. Please note that third party content may be subject to terms and conditions imposed by the third party owner of that content.

The value of investments can fall and you may get back less than you invested.