Pet Valu (TSE:PET) Trading Down 14.2% – Should You Sell?

Pet Valu Holdings Ltd. (TSE:PETGet Free Report) traded down 14.2% on Tuesday . The company traded as low as C$30.09 and last traded at C$30.62. 151,198 shares traded hands during mid-day trading, an increase of 37% from the average session volume of 110,710 shares. The stock had previously closed at C$35.70.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Desjardins increased their price target on shares of Pet Valu from C$38.00 to C$41.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. TD Securities increased their price target on shares of Pet Valu from C$35.00 to C$44.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. National Bankshares increased their price target on shares of Pet Valu from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th. Royal Bank Of Canada increased their price target on Pet Valu from C$41.00 to C$43.00 in a research report on Wednesday, October 29th. Finally, Barclays increased their price target on shares of Pet Valu from C$32.00 to C$41.00 and gave the company an “overweight” rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a 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 target price of C$40.44.

Read Our Latest Stock Analysis on Pet Valu

Pet Valu Trading Down 15.0%

The company has a 50 day moving average of C$36.69 and a 200 day moving average of C$33.78. The firm has a market cap of C$2.07 billion, a price-to-earnings ratio of 22.66 and a beta of 0.94.

Pet Valu Company Profile

(Get Free Report)

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.

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