TD Securities Issues Pessimistic Forecast for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its price target cut by investment analysts at TD Securities from C$44.00 to C$40.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 35.59% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. Stifel Nicolaus lowered their target price on Pet Valu from C$40.00 to C$37.00 in a research note on Wednesday. ATB Capital boosted their price target on Pet Valu from C$40.00 to C$41.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Royal Bank Of Canada dropped their target price on Pet Valu from C$43.00 to C$40.00 in a report on Wednesday. National Bankshares upped their target price on Pet Valu from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Finally, CIBC dropped their target price on Pet Valu from C$42.00 to C$36.00 in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$38.89.

Pet Valu Price Performance

Shares of Pet Valu stock traded down C$0.45 during midday trading on Wednesday, hitting C$29.50. 256,549 shares of the company were exchanged, compared to its average volume of 113,261. The firm has a market cap of C$2.01 billion, a P/E ratio of 22.01 and a beta of 0.93. Pet Valu has a 52 week low of C$22.53 and a 52 week high of C$39.24. The firm has a 50 day simple moving average of C$36.52 and a 200-day simple moving average of C$33.81.

About Pet Valu

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.