Pet Valu (TSE:PET) Given New C$28.50 Price Target at Stifel Nicolaus

Pet Valu (TSE:PET) had its price objective upped by stock analysts at Stifel Nicolaus from C$27.50 to C$28.50 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Stifel Nicolaus’ price objective indicates a potential upside of 6.26% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. CIBC decreased their target price on Pet Valu from C$31.00 to C$29.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. TD Securities decreased their price target on shares of Pet Valu from C$32.00 to C$30.00 and set a “buy” rating on the stock in a research note 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. Royal Bank of Canada increased their target price on shares of Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday, November 6th. Finally, Cormark cut shares of Pet Valu from a “moderate buy” rating to a “hold” rating 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. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of C$32.42.

Pet Valu Price Performance

TSE:PET remained flat at C$26.82 during midday trading on Wednesday. The company had a trading volume of 73,226 shares, compared to its average volume of 50,865. Pet Valu has a one year low of C$23.32 and a one year high of C$32.74. The firm has a 50-day moving average price of C$25.34 and a two-hundred day moving average price of C$25.52. The stock has a market cap of C$1.91 billion, a price-to-earnings ratio of 22.11 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.