Pet Valu (TSE:PET) Stock Rating Upgraded by Stifel Nicolaus

Pet Valu (TSE:PET) was upgraded by analysts at Stifel Nicolaus from a “hold” rating to a “buy” rating in a report issued on Thursday,BayStreet.CA reports.

A number of other equities research analysts have also weighed in on PET. TD Securities raised their price objective on Pet Valu from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Barclays increased their target price on Pet Valu from C$27.00 to C$32.00 in a research note on Wednesday, March 5th. Finally, CIBC lifted their price target on shares of Pet Valu from C$29.00 to C$33.00 in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Pet Valu has a consensus rating of “Buy” and a consensus target price of C$32.42.

Pet Valu Trading Up 4.8 %

PET stock traded up C$1.15 during trading on Thursday, reaching C$24.87. The stock had a trading volume of 65,122 shares, compared to its average volume of 69,162. The firm has a fifty day moving average price of C$25.01 and a 200 day moving average price of C$25.53. The company has a market capitalization of C$1.77 billion, a P/E ratio of 20.50 and a beta of 0.81. Pet Valu has a 1-year low of C$22.53 and a 1-year high of C$32.70.

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.