Pet Valu Holdings Ltd. (TSE:PET) Receives Average Recommendation of “Buy” from Brokerages

Shares of Pet Valu Holdings Ltd. (TSE:PET) have been given an average rating of “Buy” by the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Nine equities research analysts have rated the stock with a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$40.22.

Several brokerages have weighed in on PET. Royal Bank Of Canada raised their target price on shares of Pet Valu from C$35.00 to C$41.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. National Bankshares raised their target price on shares of Pet Valu from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Desjardins raised their target price on shares of Pet Valu from C$38.00 to C$41.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Stifel Nicolaus raised their target price on shares of Pet Valu from C$33.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, TD Securities raised their target price on shares of Pet Valu from C$35.00 to C$44.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th.

Pet Valu Stock Down 0.8%

Shares of PET opened at C$35.99 on Monday. The company has a market cap of C$2.46 billion, a price-to-earnings ratio of 26.86 and a beta of 0.94. Pet Valu has a twelve month low of C$22.53 and a twelve month high of C$39.24. The company has a 50 day moving average of C$36.97 and a two-hundred day moving average of C$33.32.

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.