Pet Valu (TSE:PET) Given New C$32.00 Price Target at TD Securities

Pet Valu (TSE:PET - Get Free Report) had its price target raised by equities researchers at TD Securities from C$30.00 to C$32.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' target price points to a potential upside of 18.47% from the stock's current price.

Several other research firms also recently issued reports on PET. CIBC upped their price objective on shares of Pet Valu from C$29.00 to C$33.00 in a report on Wednesday. Raymond James cut their price objective on shares of Pet Valu from C$36.00 to C$34.00 in a report on Wednesday, November 6th. Royal Bank of Canada upped their price objective on shares of Pet Valu from C$34.00 to C$35.00 in a report on Wednesday, November 6th. Cormark downgraded shares of Pet Valu from a "moderate buy" rating to a "hold" rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus upped their target price on Pet Valu from C$27.50 to C$28.50 in a research report on Wednesday. One equities research 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 company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of C$32.42.

Pet Valu Stock Up 2.3 %

Shares of PET traded up C$0.61 during mid-day trading on Wednesday, hitting C$27.01. 61,615 shares of the company 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 capitalization of C$1.92 billion, a PE ratio of 22.27 and a beta of 0.81. The business has a 50 day moving average of C$25.48 and a 200 day moving average of C$25.55.

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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.