Pet Valu (TSE:PET) Given New C$32.00 Price Target at Barclays

Pet Valu (TSE:PET) had its price target raised by Barclays from C$27.00 to C$32.00 in a report issued on Wednesday,BayStreet.CA reports.

A number of other equities analysts have also recently issued reports on PET. Royal Bank of Canada boosted their price objective on Pet Valu from C$34.00 to C$35.00 in a report on Wednesday, November 6th. Cormark lowered shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Raymond James reduced their price target on shares of Pet Valu from C$36.00 to C$34.00 in a research note on Wednesday, November 6th. TD Securities lowered their price objective on shares of Pet Valu from C$32.00 to C$30.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Finally, CIBC upped their target price on shares of Pet Valu from C$29.00 to C$33.00 in a research note on Wednesday. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$32.42.

Pet Valu Price Performance

Shares of TSE PET opened at C$26.26 on Wednesday. The company has a market cap of C$1.87 billion, a P/E ratio of 21.65 and a beta of 0.81. The firm has a 50-day simple moving average of C$25.39 and a two-hundred day simple moving average of C$25.53. Pet Valu has a 1 year low of C$23.32 and a 1 year high of C$32.74.

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.