Pet Valu (TSE:PET) Given New C$32.00 Price Target at Barclays

Pet Valu (TSE:PET) had its price target upped by Barclays from C$27.00 to C$32.00 in a research note issued to investors on Wednesday,BayStreet.CA reports.

A number of other research firms also recently commented on PET. Raymond James decreased their target price on Pet Valu from C$36.00 to C$34.00 in a research report on Wednesday, November 6th. CIBC upped their price objective on Pet Valu from C$29.00 to C$33.00 in a report on Wednesday. Royal Bank of Canada increased their target price on Pet Valu from C$34.00 to C$35.00 in a research report on Wednesday, November 6th. Stifel Nicolaus boosted their price target on shares of Pet Valu from C$27.50 to C$28.50 in a research report on Wednesday. Finally, Cormark lowered shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, November 6th. One analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Pet Valu presently has an average rating of “Buy” and a consensus target price of C$32.42.

Pet Valu Stock Down 2.1 %

Shares of PET stock opened at C$26.26 on Wednesday. The company’s fifty day simple moving average is C$25.39 and its two-hundred day simple moving average is C$25.53. Pet Valu has a 52 week low of C$23.32 and a 52 week high of C$32.74. The stock has a market cap of C$1.87 billion, a P/E ratio of 21.65 and a beta of 0.81.

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.