Pet Valu (TSE:PET) Given New C$28.50 Price Target at Stifel Nicolaus

Pet Valu (TSE:PET) had its target price lifted by Stifel Nicolaus from C$27.50 to C$28.50 in a research report report published on Wednesday morning,BayStreet.CA reports.

A number of other brokerages have also recently commented on PET. CIBC reduced their target price on shares of Pet Valu from C$31.00 to C$29.00 and set an “outperform” rating for the company in a report on Wednesday, February 26th. Raymond James reduced their price objective on Pet Valu from C$36.00 to C$34.00 in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price objective on Pet Valu from C$34.00 to C$35.00 in a research report on Wednesday, November 6th. Cormark lowered Pet Valu from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, Barclays decreased their price target on Pet Valu from C$28.00 to C$27.00 in a report on Wednesday, November 6th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Pet Valu has a consensus rating of “Buy” and a consensus target price of C$32.42.

Pet Valu Price Performance

Shares of Pet Valu stock opened at C$26.26 on Wednesday. The stock has a market capitalization of C$1.87 billion, a price-to-earnings ratio of 21.65 and a beta of 0.81. The firm’s fifty day simple moving average is C$25.39 and its 200-day simple moving average is C$25.53. Pet Valu has a 12 month low of C$23.32 and a 12 month high of C$32.74.

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.