Pet Valu (TSE:PET) Given a C$38.00 Price Target by Desjardins Analysts

Pet Valu (TSE:PET) received a C$38.00 price objective from analysts at Desjardins in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 34.85% from the stock’s current price.

Several other brokerages have also commented on PET. Barclays decreased their price target on Pet Valu from C$41.00 to C$34.00 in a research note on Wednesday, November 5th. Royal Bank Of Canada reduced their target price on shares of Pet Valu from C$43.00 to C$40.00 in a research note on Wednesday, November 5th. CIBC lowered their target price on shares of Pet Valu from C$42.00 to C$36.00 in a report on Wednesday, November 5th. TD Securities dropped their target price on shares of Pet Valu from C$44.00 to C$40.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus reduced their price target on shares of Pet Valu from C$40.00 to C$37.00 in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of C$38.56.

Pet Valu Price Performance

Shares of Pet Valu stock traded down C$0.08 during trading on Friday, hitting C$28.18. 318,507 shares of the company’s stock traded hands, compared to its average volume of 122,894. The company has a market cap of C$1.94 billion, a PE ratio of 20.57 and a beta of 0.80. The firm’s fifty day moving average price is C$30.94 and its 200 day moving average price is C$33.66. Pet Valu has a twelve month low of C$22.53 and a twelve month high of C$39.24.

Pet Valu (TSE:PET) last announced its quarterly earnings results on Tuesday, November 4th. The company reported C$0.40 EPS for the quarter. Pet Valu had a net margin of 8.02% and a return on equity of 100.39%. The firm had revenue of C$289.46 million during the quarter. As a group, equities research analysts anticipate that Pet Valu will post 1.6820546 earnings per share for the current year.

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.