Pet Valu Holdings Ltd. (TSE:PET) Stock Has Average Price Target of C$25.00

Pet Valu Holdings Ltd. (TSE:PET) has received a consensus recommendation of “Buy” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$25.00.

PET has been the topic of a number of research analyst reports. Canadian Imperial Bank of Commerce raised shares of Pet Valu to a “strong-buy” rating in a report on Wednesday, October 7th. Royal Bank Of Canada reduced their price target on shares of Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Barclays upped their price objective on shares of Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th. Raymond James Financial downgraded Pet Valu from an “outperform” rating to a “market perform” rating and boosted their target price for the company from C$21.00 to C$23.00 in a report on Wednesday, August 12th. Finally, National Bank Financial raised Pet Valu from a “hold” rating to an “outperform” rating and boosted their target price for the company from C$23.00 to C$24.00 in a report on Monday, November 2nd.

Pet Valu Price Performance

TSE:PET opened at C$23.15 on Friday. The firm has a market capitalization of C$1.56 billion, a PE ratio of 16.19 and a beta of 1.16. The business’s fifty day moving average price is C$18.98 and its 200 day moving average price is C$20.78. Pet Valu has a 12 month low of C$16.58 and a 12 month high of C$30.11.

Pet Valu (TSE:PET) last released its quarterly earnings data on Tuesday, November 10th. The company reported C$0.44 earnings per share (EPS) for the quarter. Pet Valu had a return on equity of 110.16% and a net margin of 8.31%. The business had revenue of C$299.52 million during the quarter. As a group, equities analysts anticipate that Pet Valu will post 1.68 EPS for the current year.

Pet Valu Company Profile

Pet Valu is Canada’s leading retailer of pet food and pet-related supplies with over 800 corporate-owned or franchised locations across the country. For 50 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, an extensive product offering and engaging in-store services. Through its local neighbourhood stores and digital platform, Pet Valu offers more than 10,000 competitively-priced products, including a broad assortment of exclusive, holistic and award-winning proprietary brands.