Pet Valu (TSE:PET) Price Target Lowered to C$27.00 at Royal Bank Of Canada

Pet Valu (TSE:PET) had its price target cut by equities research analysts at Royal Bank Of Canada from C$33.00 to C$27.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 33.27% from the company’s current price.

Other equities analysts have also recently issued reports about the company. Barclays dropped their price objective on Pet Valu from C$34.00 to C$28.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Canadian Imperial Bank of Commerce lowered Pet Valu from an “outperform” rating to a “hold” rating and dropped their price target for the stock from C$36.00 to C$28.00 in a report on Wednesday, March 4th. Desjardins reduced their price target on shares of Pet Valu from C$38.00 to C$32.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Raymond James Financial cut their price target on Pet Valu from C$40.00 to C$31.50 and set an “outperform” rating for the company in a research note on Wednesday, March 4th. Finally, National Bank Financial cut their price objective on shares of Pet Valu from C$28.00 to C$27.00 and set a “sector perform” rating for the company in a report on Friday, April 24th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Pet Valu currently has an average rating of “Moderate Buy” and a consensus target price of C$31.17.

Pet Valu Price Performance

Shares of TSE PET traded down C$0.23 during mid-day trading on Thursday, reaching C$20.26. 103,006 shares of the company’s stock traded hands, compared to its average volume of 199,138. The business has a 50-day simple moving average of C$22.55 and a 200 day simple moving average of C$27.02. The stock has a market cap of C$1.40 billion, a P/E ratio of 14.58 and a beta of 1.27. Pet Valu has a 1-year low of C$19.95 and a 1-year high of C$39.24.

Pet Valu (TSE:PET) last released its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.49 earnings per share (EPS) for the quarter. The business had revenue of C$326.36 million during the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%. Equities research analysts anticipate that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

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.