Pet Valu (TSE:PET - Free Report) had its target price lifted by Barclays from C$27.00 to C$32.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.
A number of other research analysts have also issued reports on PET. Stifel Nicolaus increased their target price on Pet Valu from C$27.50 to C$28.50 in a research report on Wednesday. Raymond James reduced their price objective on Pet Valu from C$36.00 to C$34.00 in a research note on Wednesday, November 6th. Cormark downgraded Pet Valu from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price objective on Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday, November 6th. Finally, TD Securities reduced 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. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of C$32.42.
Read Our Latest Research Report on PET
Pet Valu Stock Performance
Shares of TSE:PET traded up C$0.61 during midday trading on Wednesday, reaching C$27.01. 61,615 shares of the company's stock traded hands, compared to its average volume of 52,904. Pet Valu has a 1 year low of C$23.32 and a 1 year high of C$32.74. The company has a market cap of C$1.92 billion, a P/E ratio of 22.27 and a beta of 0.81. The company has a fifty day simple moving average of C$25.48 and a two-hundred day simple moving average of C$25.55.
Pet Valu Company Profile
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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.
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