Pet Valu (TSE:PET) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Pet Valu (TSE:PET) had its target price upped by Stifel Nicolaus from C$27.50 to C$28.50 in a research note issued on Wednesday,BayStreet.CA reports. Stifel Nicolaus’ price objective would indicate a potential upside of 7.95% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada boosted their price target on shares of Pet Valu from C$34.00 to C$35.00 in a report on Wednesday, November 6th. CIBC cut their price target on shares of Pet Valu from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a report on Wednesday, February 26th. TD Securities cut their price target on shares of 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. Barclays cut their price target on shares of Pet Valu from C$28.00 to C$27.00 in a report on Wednesday, November 6th. Finally, Raymond James dropped their target price on shares of Pet Valu from C$36.00 to C$34.00 in a research note on Wednesday, November 6th. One 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 MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$32.42.

Pet Valu Stock Performance

Pet Valu stock opened at C$26.40 on Wednesday. Pet Valu has a fifty-two week low of C$23.32 and a fifty-two week high of C$32.74. The stock has a market cap of C$1.88 billion, a PE ratio of 21.76 and a beta of 0.81. The firm’s 50-day simple moving average is C$25.43 and its 200 day simple moving average is C$25.54.

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.