Pet Valu (TSE:PET) Hits New 1-Year Low - Here's What Happened

Pet Valu Holdings Ltd. (TSE:PET - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as C$23.52 and last traded at C$23.58, with a volume of 13364 shares traded. The stock had previously closed at C$23.78.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on PET shares. Royal Bank of Canada upped their price target on shares of Pet Valu from C$34.00 to C$35.00 in a research report on Wednesday, November 6th. Raymond James reduced their target price on Pet Valu from C$36.00 to C$34.00 in a research report on Wednesday, November 6th. Cormark cut shares of Pet Valu from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Barclays lowered their price objective on shares of Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday, November 6th. Finally, CIBC cut their price objective on Pet Valu from C$31.00 to C$29.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. One equities research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Pet Valu presently has a consensus rating of "Buy" and an average price target of C$31.00.

Pet Valu Price Performance

The business's 50 day simple moving average is C$25.29 and its 200 day simple moving average is C$25.50. The company has a market capitalization of C$1.90 billion, a PE ratio of 22.08 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.