Desjardins Upgrades Pet Valu (TSE:PET) to Moderate Buy

Pet Valu (TSE:PET) was upgraded by investment analysts at Desjardins to a “moderate buy” rating in a research report issued on Friday,Zacks.com reports.

PET has been the topic of a number of other reports. Stifel Nicolaus lifted their price objective on shares of Pet Valu from C$28.50 to C$33.00 and gave the company a “buy” rating in a research report on Wednesday, May 7th. Raymond James lifted their price objective on shares of Pet Valu from C$34.00 to C$36.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Barclays lifted their price objective on shares of Pet Valu from C$27.00 to C$32.00 in a research report on Wednesday, March 5th. Cormark upgraded shares of Pet Valu from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, May 7th. Finally, CIBC boosted their target price on shares of Pet Valu from C$29.00 to C$33.00 in a research report on Wednesday, March 5th. Seven equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of C$34.33.

Pet Valu Price Performance

TSE:PET opened at C$28.84 on Friday. The firm’s fifty day moving average price is C$26.39 and its 200 day moving average price is C$25.89. Pet Valu has a 1-year low of C$22.53 and a 1-year high of C$30.74. The firm has a market cap of C$2.05 billion, a price-to-earnings ratio of 23.78 and a beta of 0.81.

About Pet Valu

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.