Pet Valu (TSE:PET) Stock Price Expected to Rise, ATB Capital Analyst Says

Key Points

• ATB Capital has raised its price target for Pet Valu (TSE:PET) from C$40.00 to C$41.00, indicating a potential upside of 13.29% from the current stock price.
• Pet Valu has received multiple upgrades from various analysts, with Stifel Canada and Raymond James Financial among those increasing their ratings and price targets, reflecting strong investor confidence.
• The stock currently has an average rating of "Buy" from nine analysts with an average price target of C$40.22, suggesting a bullish sentiment towards Pet Valu's future performance.

Pet Valu (TSE:PET - Get Free Report) had its price target raised by stock analysts at ATB Capital from C$40.00 to C$41.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. ATB Capital's target price indicates a potential upside of 13.98% from the company's current price.

PET has been the subject of several other research reports. National Bankshares set a C$33.00 price target on shares of Pet Valu and gave the company an "outperform" rating in a research report on Thursday, June 5th. Cormark upgraded shares of Pet Valu from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, May 7th. Raymond James Financial upped their price target on shares of Pet Valu from C$34.00 to C$36.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Stifel Nicolaus upped their price target on shares of Pet Valu from C$33.00 to C$40.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Royal Bank Of Canada upped their price target on shares of Pet Valu from C$35.00 to C$41.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Pet Valu presently has a consensus rating of "Buy" and a consensus price target of C$40.22.

Pet Valu Stock Down 0.9%

TSE:PET traded down C$0.33 during trading hours on Wednesday, reaching C$35.97. 88,196 shares of the company's stock were exchanged, compared to its average volume of 107,156. The company has a market capitalization of C$2.56 billion, a P/E ratio of 29.65 and a beta of 0.81. Pet Valu has a 12 month low of C$22.53 and a 12 month high of C$36.86. The business's 50-day simple moving average is C$33.15 and its two-hundred day simple moving average is C$28.76.

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.