Pet Valu (TSE:PET – Free Report) had its price objective decreased by Royal Bank Of Canada from C$26.00 to C$24.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. Royal Bank Of Canada currently has an outperform rating on the stock.
Several other equities analysts also recently weighed in on PET. Canadian Imperial Bank of Commerce reduced their price target on Pet Valu from C$28.00 to C$22.00 in a report on Wednesday, May 13th. Barclays cut shares of Pet Valu from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from C$28.00 to C$17.00 in a research note on Wednesday, May 13th. Stifel Nicolaus reduced their price objective on shares of Pet Valu from C$32.00 to C$23.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Desjardins reduced their price objective on shares of Pet Valu from C$32.00 to C$26.00 and set a “buy” rating for the company in a research note on Wednesday, May 13th. Finally, TD Securities raised shares of Pet Valu to a “strong-buy” rating in a report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$24.33.
Get Our Latest Stock Analysis on PET
Pet Valu Stock Down 0.6%
Pet Valu (TSE:PET – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. Pet Valu had a return on equity of 117.77% and a net margin of 8.11%.The business had revenue of C$287.94 million during the quarter. As a group, equities analysts expect that Pet Valu will post 1.6820546 EPS for the current year.
Insider Activity at Pet Valu
In related news, insider Gregory Mark Ramier acquired 2,800 shares of the stock in a transaction that occurred on Thursday, May 21st. The shares were bought at an average price of C$17.89 per share, for a total transaction of C$50,092.00. Following the completion of the transaction, the insider directly owned 2,800 shares in the company, valued at approximately C$50,092. This trade represents a ∞ increase in their ownership of the stock. Also, Director Carmine Fortino bought 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was bought at an average price of C$17.26 per share, for a total transaction of C$172,600.00. Following the acquisition, the director directly owned 10,000 shares of the company’s stock, valued at C$172,600. The trade was a ∞ increase in their position. Insiders have purchased a total of 17,800 shares of company stock worth $308,142 over the last quarter. Company insiders own 0.29% of the company’s stock.
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.
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