Pet Valu Holdings Ltd. (TSE:PET) Given Average Recommendation of “Moderate Buy” by Brokerages

Pet Valu Holdings Ltd. (TSE:PET) has earned an average rating of “Moderate Buy” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$24.89.

PET has been the topic of several research analyst reports. Raymond James Financial cut shares of Pet Valu from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$21.00 to C$23.00 in a report on Wednesday, August 12th. National Bank Financial boosted their target price on Pet Valu from C$22.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 12th. Barclays upped their target price on Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada lowered their price target on Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th.

Pet Valu Trading Down 1.6%

PET stock opened at C$17.72 on Thursday. The firm has a 50 day moving average of C$18.86 and a 200-day moving average of C$19.52. The firm has a market capitalization of C$1.19 billion, a P/E ratio of 12.39 and a beta of 0.95. Pet Valu has a 12 month low of C$16.58 and a 12 month high of C$36.79.

Pet Valu (TSE:PET) last posted its earnings results on Tuesday, August 11th. The company reported C$0.37 earnings per share for the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. The business had revenue of C$290.68 million for the quarter. Sell-side analysts predict that Pet Valu will post 1.6820546 EPS for the current year.

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.