Pet Valu (TSE:PET) Price Target Lowered to C$22.00 at National Bank Financial

Pet Valu (TSE:PET) had its price objective cut by investment analysts at National Bank Financial from C$27.00 to C$22.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective points to a potential upside of 26.15% from the stock’s previous close.

PET has been the topic of several other reports. TD Securities reduced their price objective on Pet Valu from C$40.00 to C$34.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. ATB Cormark Capital Markets dropped their target price on Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating on the stock in a report on Wednesday. Raymond James Financial dropped their target price on Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating on the stock in a report on Wednesday. Stifel Nicolaus dropped their target price on Pet Valu from C$32.00 to C$23.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Royal Bank Of Canada dropped their target price on Pet Valu from C$33.00 to C$27.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$24.56.

Pet Valu Price Performance

Shares of TSE PET traded up C$0.44 during mid-day trading on Wednesday, hitting C$17.44. The company had a trading volume of 372,558 shares, compared to its average volume of 221,750. The company has a market capitalization of C$1.20 billion, a PE ratio of 12.55 and a beta of 1.27. Pet Valu has a 1-year low of C$16.58 and a 1-year high of C$39.24. The business’s 50-day simple moving average is C$21.77 and its 200 day simple moving average is C$26.55.

Pet Valu (TSE:PET) last announced its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 earnings per share (EPS) for the quarter. The business had revenue of C$287.94 million for the quarter. Pet Valu had a return on equity of 115.57% and a net margin of 8.32%. On average, analysts expect 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.