Barclays Lowers Pet Valu (TSE:PET) Price Target to C$27.00

Pet Valu (TSE:PET) had its price objective lowered by Barclays from C$28.00 to C$27.00 in a report released on Wednesday,BayStreet.CA reports. Barclays‘s price target suggests a potential upside of 6.42% from the company’s previous close.

Separately, Cibc World Mkts upgraded Pet Valu to a “strong-buy” rating in a research note on Wednesday, August 7th.

Pet Valu Price Performance

Pet Valu stock opened at C$25.37 on Wednesday. The firm has a market capitalization of C$1.82 billion, a price-to-earnings ratio of 22.25 and a beta of 0.81. Pet Valu has a fifty-two week low of C$23.58 and a fifty-two week high of C$32.90. The firm has a fifty day moving average price of C$25.54.

Pet Valu (TSE:PET) last announced its earnings results on Tuesday, November 5th. The company reported C$0.41 EPS for the quarter, beating analysts’ consensus estimates of C$0.35 by C$0.06. The firm had revenue of C$276.03 million for the quarter, compared to analysts’ expectations of C$267.68 million. Pet Valu had a return on equity of 128.24% and a net margin of 7.64%. On average, equities research analysts anticipate that Pet Valu will post 1.6820546 earnings per share for the current fiscal year.

About Pet Valu

Pet Valu Holdings Ltd. engages in the retail and wholesale of pet foods and pet-related supplies for dogs, cats, fish, birds, reptiles, and small animals in Canada. It offers food and treats for dogs and cats, cat litter, dog and cat toys, collars and leashes, health and wellness solutions, waste management solutions, pet cages and carriers, flea and tick products, and pet apparel and other related accessories.