Pet Valu (TSE:PET) Given New C$24.00 Price Target at Royal Bank Of Canada

Pet Valu (TSE:PET) had its price target dropped by research analysts at Royal Bank Of Canada from C$26.00 to C$24.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 23.71% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Barclays downgraded Pet Valu from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from C$28.00 to C$17.00 in a report on Wednesday, May 13th. Raymond James Financial lowered their price objective on Pet Valu from C$31.50 to C$21.00 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Desjardins cut their price target on Pet Valu from C$32.00 to C$26.00 and set a “buy” rating on the stock in a research note on Wednesday, May 13th. ATB Cormark Capital Markets lowered their price target on Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Finally, National Bank Financial dropped their target price on shares of Pet Valu from C$27.00 to C$22.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 13th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Pet Valu presently has an average rating of “Moderate Buy” and an average price target of C$24.33.

Pet Valu Stock Performance

Shares of TSE:PET traded up C$0.05 during trading on Tuesday, reaching C$19.40. The stock had a trading volume of 80,048 shares, compared to its average volume of 234,683. The business has a fifty day moving average price of C$18.52 and a 200-day moving average price of C$22.36. The stock has a market cap of C$1.32 billion, a PE ratio of 14.16 and a beta of 1.13. Pet Valu has a 1-year low of C$16.58 and a 1-year high of C$39.24.

Pet Valu (TSE:PET) last released its quarterly earnings data on Tuesday, May 12th. The company reported C$0.31 EPS for the quarter. The company had revenue of C$287.94 million during the quarter. Pet Valu had a net margin of 8.11% and a return on equity of 117.77%. Sell-side analysts expect that Pet Valu will post 1.6820546 earnings per share for the current year.

Insider Activity at Pet Valu

In other Pet Valu news, Director Matthew Reindel acquired 5,000 shares of the stock in a transaction on Friday, May 15th. The shares were bought at an average price of C$17.09 per share, with a total value of C$85,450.00. Following the acquisition, the director owned 5,000 shares of the company’s stock, valued at C$85,450. This trade represents a ∞ increase in their ownership of the stock. Also, insider Gregory Mark Ramier acquired 2,800 shares of the company’s stock in a transaction that occurred on Thursday, May 21st. The shares were acquired at an average cost of C$17.89 per share, for a total transaction of C$50,092.00. Following the acquisition, the insider directly owned 2,800 shares of the company’s stock, valued at C$50,092. This trade represents a ∞ increase in their ownership of the stock. Insiders bought a total of 17,800 shares of company stock worth $308,142 over the last 90 days. Company insiders own 0.29% of the company’s stock.

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.