Pet Valu (TSE:PET) Price Target Raised to C$28.00

Pet Valu (TSE:PET) had its price target upped by Desjardins from C$26.00 to C$28.00 in a research note published on Wednesday,BayStreet reports. They currently have a buy rating on the stock.

A number of other equities analysts also recently weighed in on PET. Royal Bank Of Canada lowered their target price on shares of Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. National Bank Financial raised shares of Pet Valu from a “hold” rating to an “outperform” rating and upped their price target for the company from C$23.00 to C$24.00 in a research report on Monday, November 2nd. Canadian Imperial Bank of Commerce raised shares of Pet Valu to a “strong-buy” rating in a research report on Wednesday, October 7th. Raymond James Financial downgraded Pet Valu from an “outperform” rating to a “market perform” rating and increased their price target for the stock from C$21.00 to C$23.00 in a report on Wednesday, August 12th. Finally, Barclays lifted their price objective on Pet Valu from C$17.00 to C$19.00 in a research report on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of C$26.61.

Pet Valu Stock Performance

TSE:PET opened at C$22.83 on Wednesday. Pet Valu has a fifty-two week low of C$16.58 and a fifty-two week high of C$30.11. The company has a 50 day simple moving average of C$19.25 and a two-hundred day simple moving average of C$20.69. The company has a market capitalization of C$1.52 billion, a PE ratio of 15.53 and a beta of 1.16.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, November 10th. The company reported C$0.44 earnings per share (EPS) for the quarter. Pet Valu had a net margin of 8.36% and a return on equity of 107.77%. The firm had revenue of C$299.52 million for the quarter. Research analysts predict 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.