Pet Valu (TSE:PET) Shares Up 0.7% – Here’s What Happened

Shares of Pet Valu Holdings Ltd. (TSE:PET) traded up 0.7% during trading on Monday . The stock traded as high as C$18.18 and last traded at C$18.03. Approximately 81,316 shares were traded during mid-day trading, a decline of 63% from the average session volume of 222,556 shares. The stock had previously closed at C$17.90.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays upped their target price on Pet Valu from C$17.00 to C$19.00 in a report on Wednesday, August 12th. Royal Bank Of Canada decreased their price target on shares of Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. National Bank Financial upped their target price on Pet Valu from C$22.00 to C$23.00 and gave the company a “sector perform” rating in a report on Wednesday, August 12th. Raymond James Financial downgraded shares of Pet Valu from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from C$21.00 to C$23.00 in a research report on Wednesday, August 12th. Finally, TD Securities upgraded shares of Pet Valu to a “strong-buy” rating in a research report on Thursday, May 21st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Pet Valu has an average rating of “Moderate Buy” and an average target price of C$24.89.

Pet Valu Price Performance

The firm has a fifty day simple moving average of C$18.97 and a two-hundred day simple moving average of C$19.90. The firm has a market capitalization of C$1.21 billion, a P/E ratio of 12.62 and a beta of 0.95.

Pet Valu (TSE:PET) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.37 EPS for the quarter. Pet Valu had a return on equity of 110.16% and a net margin of 8.31%.The firm had revenue of C$290.68 million during the quarter. On average, research analysts anticipate that Pet Valu Holdings Ltd. will post 1.6820546 EPS for the current year.

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.