Pet Valu (TSE:PET) Price Target Raised to C$32.00

Pet Valu (TSE:PET) had its price target hoisted by Barclays from C$27.00 to C$32.00 in a research report report published on Wednesday,BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. Cormark downgraded Pet Valu from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, November 6th. CIBC boosted their price objective on shares of Pet Valu from C$29.00 to C$33.00 in a report on Wednesday. Stifel Nicolaus increased their target price on shares of Pet Valu from C$27.50 to C$28.50 in a research note on Wednesday. TD Securities dropped their price target on shares of Pet Valu from C$32.00 to C$30.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, Raymond James decreased their price objective on shares of Pet Valu from C$36.00 to C$34.00 in a report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$32.42.

Pet Valu Price Performance

Shares of TSE PET opened at C$27.01 on Wednesday. Pet Valu has a 1 year low of C$23.32 and a 1 year high of C$32.74. The company has a market capitalization of C$1.92 billion, a P/E ratio of 22.27 and a beta of 0.81. The company has a 50 day simple moving average of C$25.48 and a 200-day simple moving average of C$25.55.

Pet Valu Company Profile

Pet Valu Holdings Ltd is engaged in providing pet-related products through its stores. Its products include Dry Food, Wet Food, Frozen raw food, Jerky Treats, and Training treats among others. The services offered by the company include Dog Wash, Adoption, Grooming, and Frozen Raw.