Royal Bank Of Canada Lowers Pet Valu (TSE:PET) Price Target to C$33.00

Pet Valu (TSE:PET) had its price objective dropped by analysts at Royal Bank Of Canada from C$35.00 to C$33.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 33.28% from the stock’s current price.

A number of other research analysts have also weighed in on the company. Stifel Nicolaus cut their price objective on Pet Valu from C$37.00 to C$32.00 and set a “buy” rating on the stock in a report on Wednesday. National Bank Financial lowered Pet Valu from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$37.00 to C$28.00 in a research report on Wednesday. Barclays cut their price target on shares of Pet Valu from C$41.00 to C$34.00 in a report on Wednesday, November 5th. Raymond James Financial decreased their price objective on shares of Pet Valu from C$40.00 to C$31.50 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Desjardins set a C$38.00 price objective on shares of Pet Valu and gave the company a “buy” rating in a report on Friday, December 19th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$31.94.

Pet Valu Stock Up 0.7%

Shares of PET stock opened at C$24.76 on Wednesday. The firm has a market cap of C$1.71 billion, a price-to-earnings ratio of 18.07 and a beta of 0.87. Pet Valu has a 52-week low of C$22.53 and a 52-week high of C$39.24. The company’s 50 day moving average is C$28.32 and its 200 day moving average is C$31.67.

Pet Valu (TSE:PET) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.42 EPS for the quarter. Pet Valu had a net margin of 8.32% and a return on equity of 115.57%. The firm had revenue of C$326.36 million during the quarter. Analysts anticipate that Pet Valu will post 1.6820546 EPS for the current fiscal year.

Trending Headlines about Pet Valu

Here are the key news stories impacting Pet Valu this week:

• Positive Sentiment: Multiple brokerages reaffirmed buy/outperform/overweight stances despite lowering targets — signalling continued analyst confidence in the medium-term story (TD, Stifel, Raymond James, RBC, Desjardins). These retained ratings support upside expectations and likely helped limit selling. Analyst Roundup
• Neutral Sentiment: Barclays trimmed its price target to C$28 but kept an overweight rating — a modestly reduced upside that is less bullish than before but still implies some appreciation potential. Barclays Note
• Negative Sentiment: Canadian Imperial Bank of Commerce and National Bank Financial downgraded Pet Valu from “outperform” to “hold” and cut targets to C$28 — a clear near-term negative that reduces analyst-driven upside and likely pressured sentiment. CIBC / NBF Downgrades
• Negative Sentiment: Coverage in Retail-Insider flagged a softer growth outlook and noted a share-price drop tied to that update, reinforcing concerns about near-term top-line momentum. That narrative explains some of the analyst caution. Pet Valu Shares Drop as Growth Outlook Softens

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.