Pet Valu (TSE:PET) Price Target Raised to C$24.50

Pet Valu (TSE:PET) had its price objective raised by Raymond James Financial from C$23.00 to C$24.50 in a research report report published on Wednesday morning,BayStreet reports. The firm currently has a market perform rating on the stock.

Other analysts also recently issued reports about the company. Stifel Nicolaus boosted their target price on Pet Valu from C$23.00 to C$27.00 and gave the company a “buy” rating in a report on Wednesday. National Bank Financial raised their price target on Pet Valu from C$24.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada raised their price target on Pet Valu from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday. Desjardins lifted their price target on Pet Valu from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Barclays boosted their price objective on Pet Valu from C$17.00 to C$19.00 in a research note on Wednesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of C$26.61.

Pet Valu Price Performance

Shares of TSE:PET opened at C$22.83 on Wednesday. The company’s fifty day moving average price is C$19.25 and its 200 day moving average price is C$20.69. Pet Valu has a 12 month low of C$16.58 and a 12 month high of C$30.11. The firm has a market capitalization of C$1.52 billion, a P/E ratio of 15.53 and a beta of 1.16.

Pet Valu (TSE:PET) last announced its quarterly earnings results on Tuesday, November 10th. The company reported C$0.44 earnings per share for the quarter. Pet Valu had a net margin of 8.36% and a return on equity of 107.77%. The firm had revenue of C$299.52 million during the quarter. On average, sell-side analysts anticipate that Pet Valu will post 1.68 EPS for the current year.

Pet Valu Company Profile

Pet Valu is Canada’s leading retailer of pet food and pet-related supplies with over 800 corporate-owned or franchised locations across the country. For 50 years, Pet Valu has earned the trust and loyalty of pet parents by offering knowledgeable customer service, an extensive product offering and engaging in-store services. Through its local neighbourhood stores and digital platform, Pet Valu offers more than 10,000 competitively-priced products, including a broad assortment of exclusive, holistic and award-winning proprietary brands.