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

Pet Valu (TSE:PET) had its price target boosted by investment analysts at TD Securities from C$30.00 to C$32.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target indicates a potential upside of 19.31% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. Stifel Nicolaus lifted their target price on Pet Valu from C$27.50 to C$28.50 in a report on Wednesday. Royal Bank of Canada lifted their price objective on shares of Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday, November 6th. Barclays raised their price target on shares of Pet Valu from C$27.00 to C$32.00 in a report on Wednesday. Cormark cut Pet Valu from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 6th. Finally, CIBC boosted their target price on shares of Pet Valu from C$29.00 to C$33.00 in a research report on Wednesday. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$32.42.

Pet Valu Price Performance

Shares of Pet Valu stock remained flat at C$26.82 on Wednesday. The stock had a trading volume of 73,226 shares, compared to its average volume of 50,865. The company has a fifty day moving average of C$25.34 and a 200 day moving average of C$25.52. Pet Valu has a one year low of C$23.32 and a one year high of C$32.74. The stock has a market capitalization of C$1.91 billion, a price-to-earnings ratio of 22.11 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.