Pet Valu (TSE:PET) Trading Down 14.2% – Time to Sell?

Pet Valu Holdings Ltd. (TSE:PET)’s share price fell 14.2% during trading on Tuesday . The company traded as low as C$30.09 and last traded at C$30.62. 151,198 shares were traded during trading, an increase of 37% from the average session volume of 110,710 shares. The stock had previously closed at C$35.70.

Analysts Set New Price Targets

PET has been the topic of several recent research reports. CIBC reduced their price target on Pet Valu from C$42.00 to C$36.00 in a research note on Wednesday. Raymond James Financial increased their target price on 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. Stifel Nicolaus cut their target price on Pet Valu from C$40.00 to C$37.00 in a research note on Wednesday. ATB Capital increased their price objective on Pet Valu from C$40.00 to C$41.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. Finally, TD Securities dropped their price objective on Pet Valu from C$44.00 to C$40.00 and set a “buy” rating on the stock in a research report on Wednesday. One 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, Pet Valu currently has an average rating of “Buy” and a consensus price target of C$38.89.

Pet Valu Price Performance

The company has a market capitalization of C$1.87 billion, a PE ratio of 20.45 and a beta of 0.93. The firm has a 50-day moving average of C$36.12 and a 200 day moving average of C$33.73.

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.