Pet Valu (TSE:PET) Price Target Raised to C$27.00

Pet Valu (TSE:PET) had its price target raised by Stifel Nicolaus from C$23.00 to C$27.00 in a research note released on Wednesday,BayStreet reports. They currently have a buy rating on the stock.

PET has been the subject of a number of other research reports. Raymond James Financial downgraded Pet Valu from an “outperform” rating to a “market perform” rating and upped their target price for the company from C$21.00 to C$23.00 in a report on Wednesday, August 12th. Royal Bank Of Canada lifted their price target on shares of Pet Valu from C$24.00 to C$27.00 and gave the company an “outperform” rating in a report on Wednesday. Desjardins lifted their price target on shares of Pet Valu from C$26.00 to C$28.00 and gave the company a “buy” rating in a report on Wednesday. National Bank Financial raised shares of Pet Valu from a “hold” rating to an “outperform” rating and boosted their price objective for the company from C$23.00 to C$24.00 in a research report on Monday, November 2nd. Finally, Canadian Imperial Bank of Commerce upgraded shares of Pet Valu to a “strong-buy” rating in a report on Wednesday, October 7th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$26.61.

Pet Valu Price Performance

PET opened at C$22.83 on Wednesday. Pet Valu has a one year low of C$16.58 and a one year high of C$30.11. The business has a 50 day simple moving average of C$19.25 and a two-hundred day simple moving average of C$20.69. The firm has a market capitalization of C$1.52 billion, a price-to-earnings ratio of 15.53 and a beta of 1.16.

Pet Valu (TSE:PET) last issued its quarterly earnings data on Tuesday, November 10th. The company reported C$0.44 earnings per share for the quarter. The firm had revenue of C$299.52 million for the quarter. Pet Valu had a return on equity of 107.77% and a net margin of 8.36%. As a group, sell-side analysts expect that Pet Valu will post 1.68 EPS for the current fiscal 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.