Barclays Issues Positive Forecast for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its target price hoisted by stock analysts at Barclays from C$27.00 to C$32.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Barclays‘s price target would suggest a potential upside of 19.31% from the stock’s current price.

Several other equities research analysts also recently weighed in on PET. Cormark downgraded shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price target on shares of Pet Valu from C$34.00 to C$35.00 in a report on Wednesday, November 6th. Stifel Nicolaus increased their target price on Pet Valu from C$27.50 to C$28.50 in a research note on Wednesday. TD Securities decreased their price target on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Finally, Raymond James cut their price target on shares of Pet Valu from C$36.00 to C$34.00 in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of C$32.42.

Pet Valu Price Performance

PET remained flat at C$26.82 on Wednesday. The company had a trading volume of 73,226 shares, compared to its average volume of 50,865. The company has a market capitalization of C$1.91 billion, a P/E ratio of 22.11 and a beta of 0.81. Pet Valu has a 52-week low of C$23.32 and a 52-week high of C$32.74. The business has a fifty day simple moving average of C$25.34 and a 200 day simple moving average of C$25.52.

Pet Valu Company Profile

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.