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

Pet Valu (TSE:PET) had its target price increased by National Bank Financial from C$24.00 to C$28.00 in a research report sent to investors on Wednesday,BayStreet reports. They currently have an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Barclays raised their price target on shares of Pet Valu from C$17.00 to C$19.00 in a report on Wednesday, August 12th. Canadian Imperial Bank of Commerce raised shares of Pet Valu to a “strong-buy” rating in a report on Wednesday, October 7th. Stifel Nicolaus upped their target price on Pet Valu from C$23.00 to C$27.00 and gave the company a “buy” rating in a research report on Wednesday. Desjardins raised their target price on Pet Valu from C$26.00 to C$28.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Royal Bank Of Canada raised their target price on Pet Valu from C$24.00 to C$27.00 and gave the stock an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of C$26.61.

Pet Valu Stock Performance

Shares of PET stock opened at C$22.83 on Wednesday. Pet Valu has a fifty-two week low of C$16.58 and a fifty-two week high of C$30.11. The firm has a market capitalization of C$1.52 billion, a price-to-earnings ratio of 15.53 and a beta of 1.16. The stock’s 50-day simple moving average is C$19.25 and its 200-day simple moving average is C$20.69.

Pet Valu (TSE:PET) last announced its quarterly earnings data on Tuesday, November 10th. The company reported C$0.44 EPS for the quarter. The firm had revenue of C$299.52 million during the quarter. Pet Valu had a net margin of 8.36% and a return on equity of 107.77%. As a group, equities analysts forecast that Pet Valu will post 1.68 earnings per share for the current 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.