Pet Valu (TSE:PET) Price Target Raised to C$33.00

Pet Valu (TSE:PET) had its price target hoisted by CIBC from C$29.00 to C$33.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

A number of other analysts have also recently commented on PET. TD Securities reduced their target price on shares of Pet Valu from C$32.00 to C$30.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Royal Bank of Canada upped their price objective on Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday, November 6th. Raymond James lowered their target price on Pet Valu from C$36.00 to C$34.00 in a research report on Wednesday, November 6th. Barclays reduced their price target on Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday, November 6th. Finally, Cormark cut Pet Valu from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Pet Valu presently has an average rating of “Buy” and an average target price of C$32.42.

Pet Valu Stock Up 2.3 %

TSE PET opened at C$27.01 on Wednesday. The company has a 50-day moving average price of C$25.48 and a 200-day moving average price of C$25.55. Pet Valu has a 52 week low of C$23.32 and a 52 week high of C$32.74. The firm has a market capitalization of C$1.92 billion, a P/E ratio of 22.27 and a beta of 0.81.

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.