Stifel Nicolaus Raises Pet Valu (TSE:PET) Price Target to C$40.00

Pet Valu (TSE:PET) had its target price increased by Stifel Nicolaus from C$33.00 to C$40.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price would indicate a potential upside of 10.19% from the company’s previous close.

Other research analysts have also recently issued reports about the company. TD Securities boosted their target price on Pet Valu from C$32.00 to C$35.00 and gave the stock a “buy” rating in a report on Wednesday, May 7th. Cormark raised Pet Valu from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, May 7th. Stifel Canada upgraded Pet Valu from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 10th. National Bankshares set a C$33.00 target price on Pet Valu and gave the stock an “outperform” rating in a research note on Thursday, June 5th. Finally, Desjardins lifted their price target on Pet Valu from C$32.00 to C$38.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Pet Valu has an average rating of “Buy” and an average target price of C$40.22.

Pet Valu Stock Performance

Shares of PET stock opened at C$36.30 on Wednesday. Pet Valu has a fifty-two week low of C$22.53 and a fifty-two week high of C$36.62. The stock’s fifty day moving average is C$33.05 and its two-hundred day moving average is C$28.66. The firm has a market capitalization of C$2.58 billion, a P/E ratio of 29.93 and a beta of 0.81.

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.