Pet Valu (TSE:PET) Price Target Raised to C$33.00 at CIBC

Pet Valu (TSE:PET) had its target price upped by CIBC from C$29.00 to C$33.00 in a research note released on Wednesday morning,BayStreet.CA reports.

Several other equities research analysts have also recently commented on the company. Barclays cut their price target on Pet Valu from C$28.00 to C$27.00 in a report on Wednesday, November 6th. Royal Bank of Canada raised their target price on Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday, November 6th. TD Securities lowered 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 report on Wednesday, November 6th. Stifel Nicolaus raised their price objective on shares of Pet Valu from C$27.50 to C$28.50 in a research report on Wednesday. Finally, Cormark lowered shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Pet Valu currently has an average rating of “Buy” and an average price target of C$32.42.

Pet Valu Trading Down 2.1 %

Shares of TSE PET opened at C$26.26 on Wednesday. The company has a 50-day moving average of C$25.39 and a 200 day moving average of C$25.53. Pet Valu has a 12-month low of C$23.32 and a 12-month high of C$32.74. The stock has a market cap of C$1.87 billion, a PE ratio of 21.65 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.