Royal Bank Of Canada Increases Pet Valu (TSE:PET) Price Target to C$43.00

Pet Valu (TSE:PET) had its price objective increased by research analysts at Royal Bank Of Canada from C$41.00 to C$43.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s price objective would suggest a potential upside of 23.96% from the company’s current price.

Other equities analysts have also issued reports about the stock. Barclays increased their price objective on shares of Pet Valu from C$32.00 to C$41.00 and gave the company an “overweight” rating in a research report on Wednesday, August 6th. TD Securities lifted their price objective on shares of Pet Valu from C$35.00 to C$44.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. National Bankshares lifted their price objective on shares of Pet Valu from C$38.00 to C$41.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Raymond James Financial lifted their price objective on shares of Pet Valu from C$36.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 6th. Finally, Stifel Nicolaus lifted their price objective on shares of Pet Valu from C$33.00 to C$40.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to data from MarketBeat.com, Pet Valu has a consensus rating of “Buy” and a consensus target price of C$40.44.

Pet Valu Stock Down 0.2%

Shares of PET opened at C$34.69 on Wednesday. The company has a market cap of C$2.37 billion, a price-to-earnings ratio of 25.89 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$36.80 and a two-hundred day moving average of C$33.55.

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.