Barclays Boosts Pet Valu (TSE:PET) Price Target to C$32.00

Pet Valu (TSE:PET) had its price objective upped by Barclays from C$27.00 to C$32.00 in a research note issued on Wednesday,BayStreet.CA reports. Barclays‘s target price would indicate a potential upside of 21.21% from the stock’s current price.

PET has been the subject of a number of other reports. TD Securities lowered their target price on shares of Pet Valu from C$32.00 to C$30.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Raymond James lowered their target price on shares of Pet Valu from C$36.00 to C$34.00 in a research note on Wednesday, November 6th. Royal Bank of Canada boosted their target price on shares of Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday, November 6th. Cormark lowered shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, CIBC boosted their target price on shares of Pet Valu from C$29.00 to C$33.00 in a research note on Wednesday. One analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$32.42.

Pet Valu Stock Up 0.5 %

PET stock opened at C$26.40 on Wednesday. Pet Valu has a twelve month low of C$23.32 and a twelve month high of C$32.74. The stock has a market capitalization of C$1.88 billion, a price-to-earnings ratio of 21.76 and a beta of 0.81. The firm’s fifty day simple moving average is C$25.43 and its two-hundred 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.