Pet Valu Holdings Ltd. (TSE:PET) Given Average Rating of "Buy" by Analysts

Key Points

• Pet Valu Holdings Ltd. (TSE:PET) has received an average rating of "Buy" from ten analysts, with nine recommending a buy and one a strong buy.
• The average target price for Pet Valu's stock has been set at C$40.22, with several analysts recently raising their price targets above this figure.
• The stock has shown a 52-week range from C$22.53 to C$39.24, indicating significant growth potential within the last year.

Shares of Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) have been given an average rating of "Buy" by the ten ratings firms that are currently covering the company, MarketBeat.com reports. Nine analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$40.22.

A number of equities research analysts recently issued reports on PET shares. Desjardins increased their price objective on Pet Valu from C$38.00 to C$41.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. TD Securities raised their price target on Pet Valu from C$35.00 to C$44.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada raised their price target on 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. Barclays raised their price target on Pet Valu from C$32.00 to C$41.00 and gave the company an "overweight" rating in a research report on Wednesday, August 6th. Finally, 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 research report on Wednesday, August 6th.

Pet Valu Stock Performance

Shares of PET stock opened at C$35.18 on Thursday. Pet Valu has a 52-week low of C$22.53 and a 52-week high of C$39.24. The company has a market capitalization of C$2.40 billion, a PE ratio of 26.25 and a beta of 0.92. The business's fifty day moving average is C$36.84 and its 200 day moving average is C$31.94.

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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