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

Shares of Pet Valu Holdings Ltd. (TSE:PET) have been assigned a consensus rating of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$40.22.

Several analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Pet Valu from C$33.00 to C$40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. Barclays boosted their target price on shares of Pet Valu from C$32.00 to C$41.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 6th. Desjardins upped their price objective on shares of Pet Valu from C$38.00 to C$41.00 and gave the company a “buy” rating in a report on Wednesday, August 6th. ATB Capital upped their price objective on shares of Pet Valu from C$40.00 to C$41.00 and gave the company an “outperform” rating in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada upped their price objective on shares of Pet Valu from C$35.00 to C$41.00 and gave the company an “outperform” rating in a report on Thursday, July 31st.

Pet Valu Trading Up 0.4%

TSE:PET opened at C$35.90 on Thursday. The company has a market cap of C$2.45 billion, a PE ratio of 26.79 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’s 50 day moving average is C$37.04 and its two-hundred day moving average is C$32.33.

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.