Pet Valu (TSE:PET) Price Target Raised to C$19.00

Pet Valu (TSE:PET) had its target price hoisted by Barclays from C$17.00 to C$19.00 in a report issued on Wednesday morning,BayStreet.CA reports.

Other equities research analysts have also recently issued reports about the company. National Bank Financial upped their price target on Pet Valu from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a research report on Wednesday. Raymond James Financial downgraded shares of Pet Valu from an “outperform” rating to a “market perform” rating and increased their price target for the stock from C$21.00 to C$23.00 in a report on Wednesday. Stifel Nicolaus cut 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 report on Wednesday, May 13th. ATB Cormark Capital Markets reduced their price objective on shares of Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. Finally, Canadian Imperial Bank of Commerce decreased their target price on shares of Pet Valu from C$28.00 to C$22.00 in a report on Wednesday, May 13th. One equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$24.89.

Pet Valu Stock Performance

Shares of TSE PET opened at C$19.80 on Wednesday. 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 cap of C$1.33 billion, a PE ratio of 13.85 and a beta of 1.14. The stock has a fifty day moving average of C$18.84 and a 200-day moving average of C$21.48.

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

Insider Buying and Selling

In other Pet Valu news, insider Gregory Mark Ramier bought 2,800 shares of Pet Valu stock in a transaction that occurred on Thursday, May 21st. The stock was acquired at an average cost 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 C$50,092. This represents a ∞ increase in their ownership of the stock. 0.29% of the stock is currently owned by insiders.

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.