Analysts Set Pet Valu Holdings Ltd. (TSE:PET) PT at C$24.89

Shares of Pet Valu Holdings Ltd. (TSE:PET) have received a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$24.89.

PET has been the subject of several analyst reports. Royal Bank Of Canada lowered their price objective on Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. National Bank Financial increased their price target on Pet Valu from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a report on Wednesday, August 12th. Raymond James Financial downgraded Pet Valu from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$21.00 to C$23.00 in a research report on Wednesday, August 12th. Finally, Barclays boosted their price objective on shares of Pet Valu from C$17.00 to C$19.00 in a research report on Wednesday, August 12th.

Pet Valu Trading Down 1.2%

Shares of Pet Valu stock opened at C$17.60 on Thursday. The stock has a 50 day moving average of C$18.92 and a 200 day moving average of C$19.73. Pet Valu has a 12 month low of C$16.58 and a 12 month high of C$38.19. The firm has a market cap of C$1.18 billion, a PE ratio of 12.31 and a beta of 0.95.

Pet Valu (TSE:PET) last released its quarterly earnings data on Tuesday, August 11th. The company reported C$0.37 earnings per share (EPS) for the quarter. Pet Valu had a return on equity of 110.16% and a net margin of 8.31%.The business had revenue of C$290.68 million for the quarter. As a group, equities research analysts forecast that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

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.