Stifel Canada upgraded shares of Pet Valu (TSE:PET - Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.
Several other analysts also recently weighed in on PET. Stifel Nicolaus upgraded Pet Valu from a "hold" rating to a "buy" rating in a report on Thursday, April 10th. Barclays boosted their price target on shares of Pet Valu from C$27.00 to C$32.00 in a report on Wednesday, March 5th. TD Securities increased their price objective on shares of Pet Valu from C$30.00 to C$32.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Finally, CIBC boosted their price objective on shares of Pet Valu from C$29.00 to C$33.00 in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$32.42.
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Pet Valu Stock Performance
PET traded up C$0.24 during trading on Thursday, hitting C$26.13. 12,659 shares of the stock were exchanged, compared to its average volume of 69,870. The firm has a 50 day simple moving average of C$25.05 and a 200 day simple moving average of C$25.54. The firm has a market cap of C$1.86 billion, a price-to-earnings ratio of 21.54 and a beta of 0.81. Pet Valu has a 1 year low of C$22.53 and a 1 year high of C$32.70.
About Pet Valu
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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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