Royal Bank Of Canada Cuts Pet Valu (TSE:PET) Price Target to C$40.00

Pet Valu (TSE:PET) had its price target reduced by Royal Bank Of Canada from C$43.00 to C$40.00 in a report released on Wednesday morning,BayStreet.CA reports.

Other equities analysts have also recently issued reports about the company. ATB Capital lifted their target price on Pet Valu from C$40.00 to C$41.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. National Bankshares increased their price target on Pet Valu from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research report on Wednesday, August 6th. TD Securities lifted their price target on 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. Raymond James Financial boosted their price objective on Pet Valu from C$36.00 to C$40.00 and gave the stock an “outperform” rating in a report on Wednesday, August 6th. Finally, Stifel Nicolaus decreased their target price on shares of Pet Valu from C$40.00 to C$37.00 in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat, Pet Valu has a consensus rating of “Buy” and a consensus price target of C$38.89.

Pet Valu Stock Performance

Shares of TSE:PET opened at C$27.88 on Wednesday. The stock has a market capitalization of C$1.92 billion, a price-to-earnings ratio of 20.35 and a beta of 0.93. Pet Valu has a 1-year low of C$22.53 and a 1-year high of C$39.24. The company has a 50 day moving average price of C$35.90 and a 200 day moving average price of C$33.74.

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.