Brokerages Set Pet Valu Holdings Ltd. (TSE:PET) PT at C$24.89

Pet Valu Holdings Ltd. (TSE:PET) has been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$24.89.

PET has been the topic of several research reports. Canadian Imperial Bank of Commerce dropped their price objective on shares of Pet Valu from C$28.00 to C$22.00 in a report on Wednesday, May 13th. Barclays increased their target price 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 lifted their target price for the stock from C$21.00 to C$23.00 in a research report on Wednesday, August 12th. National Bank Financial boosted their price target on Pet Valu from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 12th. Finally, Stifel Nicolaus cut their price target on Pet Valu from C$32.00 to C$23.00 and set a “buy” rating for the company in a report on Wednesday, May 13th.

Pet Valu Trading Down 1.3%

Shares of PET stock opened at C$18.78 on Friday. Pet Valu has a 1 year low of C$16.58 and a 1 year high of C$39.24. The firm’s fifty day simple moving average is C$18.93 and its 200 day simple moving average is C$21.01. The firm has a market capitalization of C$1.26 billion, a P/E ratio of 13.13 and a beta of 1.14.

Pet Valu (TSE:PET) last released its earnings results on Tuesday, August 11th. The company reported C$0.37 EPS for the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. The firm had revenue of C$290.68 million during the quarter. Equities research analysts anticipate that Pet Valu will post 1.6820546 EPS for the current fiscal year.

About Pet Valu

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.