CIBC Lowers Pet Valu (TSE:PET) Price Target to C$29.00

Pet Valu (TSE:PET) had its target price lowered by equities research analysts at CIBC from C$31.00 to C$29.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. CIBC’s price target would suggest a potential upside of 21.95% from the company’s previous close.

A number of other equities analysts have also recently issued reports on PET. Royal Bank of Canada raised their target price on shares of Pet Valu from C$34.00 to C$35.00 in a report on Wednesday, November 6th. Raymond James cut their price target on Pet Valu from C$36.00 to C$34.00 in a report on Wednesday, November 6th. Barclays cut their price target on Pet Valu from C$28.00 to C$27.00 in a report on Wednesday, November 6th. TD Securities cut their price target on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Cormark cut Pet Valu from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$31.00.

Pet Valu Stock Down 3.0 %

Shares of TSE PET opened at C$23.78 on Wednesday. The firm’s 50-day moving average price is C$25.33 and its two-hundred day moving average price is C$25.51. Pet Valu has a 52-week low of C$23.58 and a 52-week high of C$32.74. The stock has a market capitalization of C$1.69 billion, a P/E ratio of 19.60 and a beta of 0.81.

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.