Pet Valu (TSE:PET) Given New C$37.00 Price Target at Stifel Nicolaus

Pet Valu (TSE:PET) had its price target cut by stock analysts at Stifel Nicolaus from C$40.00 to C$37.00 in a research report issued on Wednesday,BayStreet.CA reports. Stifel Nicolaus’ price target points to a potential upside of 25.42% from the stock’s current price.

A number of other equities research analysts have also commented on PET. Raymond James Financial raised their price objective on shares of Pet Valu from C$36.00 to C$40.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Desjardins raised their price objective on shares of Pet Valu from C$38.00 to C$41.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. ATB Capital lifted their target price on shares of Pet Valu from C$40.00 to C$41.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Royal Bank Of Canada lifted their price objective on shares of Pet Valu from C$41.00 to C$43.00 in a research note on Wednesday, October 29th. Finally, Barclays dropped their target price on shares of Pet Valu from C$41.00 to C$34.00 in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$38.89.

Pet Valu Trading Down 1.5%

Shares of PET stock traded down C$0.45 during trading hours on Wednesday, hitting C$29.50. 256,549 shares of the company were exchanged, compared to its average volume of 113,261. Pet Valu has a 52 week low of C$22.53 and a 52 week high of C$39.24. The business has a 50 day moving average of C$36.52 and a two-hundred day moving average of C$33.81. The company has a market capitalization of C$2.01 billion, a PE ratio of 22.01 and a beta of 0.93.

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.