Pet Valu Holdings Ltd. (TSE:PET) Receives C$32.42 Consensus Target Price from Brokerages

Shares of Pet Valu Holdings Ltd. (TSE:PET) have received a consensus recommendation of “Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$32.42.

A number of research analysts have recently weighed in on PET shares. TD Securities lifted their price target on Pet Valu from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Barclays lifted their target price on Pet Valu from C$27.00 to C$32.00 in a research note on Wednesday, March 5th. Stifel Canada raised shares of Pet Valu from a “hold” rating to a “strong-buy” rating in a research report on Thursday. CIBC boosted their price objective on shares of Pet Valu from C$29.00 to C$33.00 in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus upgraded shares of Pet Valu from a “hold” rating to a “buy” rating in a research note on Thursday.

Pet Valu Stock Performance

PET opened at C$26.23 on Thursday. The company has a 50-day moving average of C$25.03 and a 200-day moving average of C$25.53. The company has a market capitalization of C$1.87 billion, a P/E ratio of 21.62 and a beta of 0.81. Pet Valu has a 1-year low of C$22.53 and a 1-year high of C$32.70.

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.