CIBC Issues Positive Forecast for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET - Get Free Report) had its target price raised by equities researchers at CIBC from C$29.00 to C$33.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. CIBC's price objective suggests a potential upside of 22.18% from the stock's current price.

Several other equities analysts have also recently issued reports on the company. Cormark cut Pet Valu from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Raymond James decreased their price objective on Pet Valu from C$36.00 to C$34.00 in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday, November 6th. TD Securities decreased their price objective on Pet Valu from C$32.00 to C$30.00 and set a "buy" rating for the company in a research note on Wednesday, November 6th. Finally, Barclays decreased their target price on Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday, November 6th. One 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. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of C$32.42.

Pet Valu Trading Up 2.3 %

Pet Valu stock traded up C$0.61 during midday trading on Wednesday, reaching C$27.01. 61,615 shares of the stock traded hands, compared to its average volume of 52,904. The company has a 50-day simple moving average of C$25.48 and a two-hundred day simple moving average of C$25.55. The firm has a market cap of C$1.92 billion, a PE ratio of 22.27 and a beta of 0.81. Pet Valu has a 12-month low of C$23.32 and a 12-month high of C$32.74.

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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.