Pet Valu (TSE:PET) PT Set at C$38.00 by Desjardins

Pet Valu (TSE:PET) received a C$38.00 price target from research analysts at Desjardins in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective would suggest a potential upside of 34.85% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank Of Canada lowered their price target on shares of Pet Valu from C$43.00 to C$40.00 in a research report on Wednesday, November 5th. TD Securities reduced their price objective on shares of Pet Valu from C$44.00 to C$40.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Barclays lowered their target price on shares of Pet Valu from C$41.00 to C$34.00 in a report on Wednesday, November 5th. CIBC cut their price target on Pet Valu from C$42.00 to C$36.00 in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus reduced their price target on Pet Valu from C$40.00 to C$37.00 in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. According to MarketBeat, Pet Valu presently has a consensus rating of “Buy” and an average price target of C$38.56.

Pet Valu Price Performance

Shares of TSE PET traded down C$0.08 during midday trading on Friday, hitting C$28.18. The stock had a trading volume of 318,507 shares, compared to its average volume of 122,894. The firm has a market cap of C$1.94 billion, a P/E ratio of 20.57 and a beta of 0.80. Pet Valu has a fifty-two week low of C$22.53 and a fifty-two week high of C$39.24. The company’s 50-day simple moving average is C$30.94 and its 200 day simple moving average is C$33.66.

Pet Valu (TSE:PET) last posted its quarterly earnings results on Tuesday, November 4th. The company reported C$0.40 earnings per share (EPS) for the quarter. The business had revenue of C$289.46 million for the quarter. Pet Valu had a return on equity of 100.39% and a net margin of 8.02%. Equities analysts expect that Pet Valu will post 1.6820546 EPS for the current fiscal year.

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.