Pet Valu (TSE:PET) Price Target Raised to C$33.00 at CIBC

Pet Valu (TSE:PET) had its price objective increased by CIBC from C$29.00 to C$33.00 in a research note published on Wednesday morning,BayStreet.CA reports.

A number of other research analysts also recently weighed in on the stock. Royal Bank of Canada increased their target price on shares of Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday, November 6th. Stifel Nicolaus increased their price target on Pet Valu from C$27.50 to C$28.50 in a research report on Wednesday. TD Securities dropped their price objective on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Raymond James reduced their target price on Pet Valu from C$36.00 to C$34.00 in a research note on Wednesday, November 6th. Finally, Barclays dropped their price target on shares of Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday, November 6th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of C$32.42.

Pet Valu Price Performance

PET opened at C$26.26 on Wednesday. The firm has a fifty day moving average price of C$25.39 and a 200 day moving average price of C$25.53. Pet Valu has a 1 year low of C$23.32 and a 1 year 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.