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

Key Points

• National Bankshares has raised its target price for Pet Valu (TSE:PET) stock from C$38.00 to C$41.00, indicating a potential upside of 13.29% from its previous close.
• Other analysts have also increased their price targets, with Barclays, Cormark, Stifel Nicolaus, and Raymond James Financial all indicating positive outlooks for the stock.
• Pet Valu's stock recently traded up 0.8% to C$36.19, reflecting a bullish sentiment among analysts, with a consensus rating of "Buy" and an average target price of C$40.22.

Pet Valu (TSE:PET - Get Free Report) had its target price raised by research analysts at National Bankshares from C$38.00 to C$41.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage currently has an "outperform" rating on the stock. National Bankshares' target price suggests a potential upside of 13.29% from the company's previous close.

A number of other analysts have also recently issued reports on PET. Barclays increased their price objective on Pet Valu from C$32.00 to C$41.00 and gave the stock an "overweight" rating in a report on Wednesday. Cormark raised Pet Valu from a "hold" rating to a "moderate buy" rating in a report on Wednesday, May 7th. Stifel Nicolaus raised their price target on Pet Valu from C$33.00 to C$40.00 and gave the company a "buy" rating in a report on Wednesday. Raymond James Financial raised their price target on Pet Valu from C$36.00 to C$40.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Desjardins raised their price target on Pet Valu from C$38.00 to C$41.00 and gave the company a "buy" rating in a report on Wednesday. Nine investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$40.22.

Pet Valu Trading Up 0.8%

Shares of PET stock traded up C$0.27 on Wednesday, hitting C$36.19. 116,465 shares of the stock were exchanged, compared to its average volume of 105,302. The firm has a market capitalization of C$2.57 billion, a PE ratio of 29.84 and a beta of 0.81. Pet Valu has a one year low of C$22.53 and a one year high of C$36.29. The firm's 50 day moving average is C$32.70 and its two-hundred day moving average is C$28.48.

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.

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