Barclays Cuts Pet Valu (TSE:PET) Price Target to C$28.00

Pet Valu (TSE:PET) had its target price cut by Barclays from C$34.00 to C$28.00 in a research report report published on Wednesday morning,BayStreet.CA reports. They currently have an overweight rating on the stock.

Several other equities research analysts have also issued reports on PET. Desjardins lowered their price objective on Pet Valu from C$38.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank Of Canada decreased their price target on Pet Valu from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a report on Wednesday. Raymond James Financial lowered their price target on Pet Valu from C$40.00 to C$31.50 and set an “outperform” rating for the company in a research report on Wednesday. National Bank Financial lowered shares of Pet Valu from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from C$37.00 to C$28.00 in a research note on Wednesday. Finally, Stifel Nicolaus dropped their price objective on shares of Pet Valu from C$37.00 to C$32.00 and set a “buy” rating for the company in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$31.94.

Pet Valu Trading Down 1.7%

Shares of TSE:PET opened at C$24.33 on Wednesday. Pet Valu has a 12 month low of C$22.53 and a 12 month high of C$39.24. The company has a 50-day moving average price of C$28.24 and a 200 day moving average price of C$31.58. The company has a market cap of C$1.68 billion, a price-to-earnings ratio of 17.76 and a beta of 1.02.

Pet Valu (TSE:PET) last released its quarterly earnings results on Tuesday, March 3rd. The company reported C$0.42 EPS for the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%.The company had revenue of C$326.36 million during the quarter. As a group, equities analysts forecast that Pet Valu will post 1.6820546 EPS 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.