Pet Valu (TSE:PET) Stock Price Target Raised at Royal Bank Of Canada

Pet Valu (TSE:PET) had its price objective hoisted by equities researchers at Royal Bank Of Canada from C$24.00 to C$27.00 in a research note issued on Wednesday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price target indicates a potential upside of 15.04% from the company’s current price.

PET has been the topic of several other research reports. Barclays boosted their price target on Pet Valu from C$17.00 to C$19.00 in a research report on Wednesday, August 12th. National Bank Financial raised Pet Valu from a “hold” rating to an “outperform” rating and increased their price objective for the stock from C$23.00 to C$24.00 in a research report on Monday, November 2nd. Canadian Imperial Bank of Commerce upgraded Pet Valu to a “strong-buy” rating in a research note on Wednesday, October 7th. Raymond James Financial lowered Pet Valu from an “outperform” rating to a “market perform” rating and boosted their target price for the company from C$21.00 to C$23.00 in a report on Wednesday, August 12th. Finally, Desjardins upped their price target on Pet Valu from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Pet Valu has an average rating of “Buy” and an average price target of C$26.61.

Pet Valu Stock Performance

TSE PET traded up C$0.32 during trading on Wednesday, reaching C$23.47. The company’s stock had a trading volume of 296,169 shares, compared to its average volume of 216,044. The firm has a market cap of C$1.58 billion, a price-to-earnings ratio of 16.41 and a beta of 1.16. Pet Valu has a twelve month low of C$16.58 and a twelve month high of C$30.11. The business’s fifty day moving average price is C$18.98 and its 200-day moving average price is C$20.78.

Pet Valu (TSE:PET) last announced its earnings results on Tuesday, November 10th. The company reported C$0.44 EPS for the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. The business had revenue of C$299.52 million during the quarter. As a group, sell-side analysts forecast that Pet Valu will post 1.68 EPS for the current fiscal 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.