Pet Valu (TSE:PET) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Pet Valu (TSE:PET) had its price objective raised by equities research analysts at Stifel Nicolaus from C$27.50 to C$28.50 in a research report issued on Wednesday,BayStreet.CA reports. Stifel Nicolaus’ target price would suggest a potential upside of 6.26% from the stock’s current price.

Several other brokerages have also commented on PET. Royal Bank of Canada boosted their price target on Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday, November 6th. TD Securities reduced their target price on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Raymond James cut their price objective on Pet Valu from C$36.00 to C$34.00 in a research report on Wednesday, November 6th. Cormark downgraded shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Barclays lowered their price objective on shares of Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$32.42.

Pet Valu Stock Performance

Shares of Pet Valu stock remained flat at C$26.82 on Wednesday. 73,226 shares of the stock traded hands, compared to its average volume of 50,865. The stock’s 50-day moving average is C$25.34 and its 200-day moving average is C$25.52. Pet Valu has a fifty-two week low of C$23.32 and a fifty-two week high of C$32.74. The company has a market cap of C$1.91 billion, a P/E ratio of 22.11 and a beta of 0.81.

Pet Valu Company Profile

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.