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

Pet Valu (TSE:PET) had its price objective boosted by analysts at Barclays from C$27.00 to C$32.00 in a research report issued on Wednesday,BayStreet.CA reports. Barclays‘s price target indicates a potential upside of 19.31% from the company’s current price.

Other research analysts have also issued research reports about the company. Royal Bank of Canada lifted their price target on Pet Valu from C$34.00 to C$35.00 in a report on Wednesday, November 6th. Stifel Nicolaus increased their price target on shares of Pet Valu from C$27.50 to C$28.50 in a research note on Wednesday. TD Securities reduced their price target on shares of Pet Valu from C$32.00 to C$30.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. CIBC increased their price objective on Pet Valu from C$29.00 to C$33.00 in a research report on Wednesday. Finally, Raymond James cut their target price on Pet Valu from C$36.00 to C$34.00 in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of C$32.42.

Pet Valu Stock Performance

PET stock remained flat at C$26.82 during mid-day trading on Wednesday. 73,226 shares of the company’s stock were exchanged, compared to its average volume of 50,865. The company’s fifty day moving average price is C$25.34 and its 200 day moving average price is C$25.52. Pet Valu has a 12 month low of C$23.32 and a 12 month high of C$32.74. The stock has a market cap of C$1.91 billion, a PE ratio of 22.11 and a beta of 0.81.

About Pet Valu

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.