Pet Valu Holdings Ltd. (TSE:PET) Receives C$31.94 Consensus Price Target from Analysts

Pet Valu Holdings Ltd. (TSE:PET) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$31.94.

PET has been the topic of several recent analyst reports. Barclays decreased their price target on Pet Valu from C$34.00 to C$28.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 4th. Desjardins reduced their price objective on Pet Valu from C$38.00 to C$32.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. National Bank Financial lowered Pet Valu from an “outperform” rating to a “hold” rating and reduced their price objective for the company from C$37.00 to C$28.00 in a research note on Wednesday, March 4th. Royal Bank Of Canada decreased their target price on Pet Valu from C$35.00 to C$33.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 4th. Finally, Raymond James Financial lowered their target price on Pet Valu from C$40.00 to C$31.50 and set an “outperform” rating for the company in a research note on Wednesday, March 4th.

Pet Valu Stock Performance

TSE PET opened at C$21.39 on Thursday. The firm’s 50 day simple moving average is C$26.00 and its 200 day simple moving average is C$29.50. The firm has a market capitalization of C$1.47 billion, a price-to-earnings ratio of 15.39 and a beta of 1.02. Pet Valu has a 1 year low of C$21.10 and a 1 year high of C$39.24.

Pet Valu (TSE:PET) last announced its quarterly earnings data on Tuesday, March 3rd. The company reported C$0.49 EPS for the quarter. Pet Valu had a net margin of 8.32% and a return on equity of 115.57%. The business had revenue of C$326.36 million during the quarter. On average, equities research analysts forecast that Pet Valu will post 1.6820546 earnings per share for the current 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.