Brokerages Set Pet Valu Holdings Ltd. (TSE:PET) Price Target at C$32.42

Shares of Pet Valu Holdings Ltd. (TSE:PET) have been given an average rating of “Buy” by the eleven analysts that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a buy rating and three have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$34.33.

PET has been the subject of a number of analyst reports. Barclays increased their target price on shares of Pet Valu from C$27.00 to C$32.00 in a research report on Wednesday, March 5th. ATB Capital raised their price objective on Pet Valu from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a research report on Wednesday. Desjardins reduced their target price on Pet Valu from C$41.00 to C$32.00 and set a “buy” rating on the stock in a research report on Wednesday. Raymond James raised their price target on Pet Valu from C$34.00 to C$36.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Stifel Nicolaus upped their price objective on shares of Pet Valu from C$28.50 to C$33.00 and gave the company a “buy” rating in a report on Wednesday.

Pet Valu Stock Down 1.5 %

Pet Valu stock opened at C$30.06 on Monday. Pet Valu has a twelve month low of C$22.53 and a twelve month high of C$30.74. The business has a fifty day moving average of C$26.12 and a two-hundred day moving average of C$25.77. The firm has a market cap of C$2.14 billion, a P/E ratio of 24.78 and a beta of 0.81.

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.