Pet Valu (TSE:PET) Price Target Raised to C$23.00

Pet Valu (TSE:PET – Free Report) had its price objective lifted by National Bank Financial from C$22.00 to C$23.00 in a research report released on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other analysts have also weighed in on the company. Raymond James Financial reduced their price objective on Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Canadian Imperial Bank of Commerce lowered their target price on Pet Valu from C$28.00 to C$22.00 in a research note on Wednesday, May 13th. Desjardins dropped their target price on shares of Pet Valu from C$32.00 to C$26.00 and set a “buy” rating for the company in a report on Wednesday, May 13th. TD Securities raised shares of Pet Valu to a “strong-buy” rating in a report on Thursday, May 21st. Finally, Barclays downgraded shares of Pet Valu from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from C$28.00 to C$17.00 in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$24.89.

Get Pet Valu alerts:

Get Our Latest Stock Report on PET

Pet Valu Price Performance

TSE PET opened at C$19.80 on Wednesday. The business has a fifty day moving average price of C$18.84 and a two-hundred day moving average price of C$21.48. Pet Valu has a fifty-two week low of C$16.58 and a fifty-two week high of C$39.24. The stock has a market capitalization of C$1.33 billion, a PE ratio of 13.85 and a beta of 1.14.

Pet Valu (TSE:PET – Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported C$0.37 earnings per share (EPS) for the quarter. Pet Valu had a return on equity of 110.16% and a net margin of 8.31%.The company had revenue of C$290.68 million for the quarter. As a group, sell-side analysts expect that Pet Valu will post 1.6820546 earnings per share for the current year.

Insider Activity at Pet Valu

In other news, insider Gregory Mark Ramier purchased 2,800 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of C$17.89 per share, for a total transaction of C$50,092.00. Following the purchase, the insider owned 2,800 shares of the company’s stock, valued at approximately C$50,092. The trade was a ∞ increase in their ownership of the stock. Insiders own 0.29% of the company’s stock.

About Pet Valu

(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.

Further Reading

• Five stocks we like better than Pet Valu
• Sony and TSMC’s $4.7 Billion Venture Is About More Than Camera Sensors
• Quantum Leaps: Debt-Free as AI Storage Demand Accelerates
• NVIDIA’s $500 Billion GPU Financing Deal Fuels Path Toward $270
• Sandisk’s Margins Look Like Software. Can They Last?

Receive News & Ratings for Pet Valu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pet Valu and related companies with MarketBeat.com's FREE daily email newsletter.