Pet Valu (TSE:PET) Given New C$40.00 Price Target at Raymond James Financial

Key Points

• Raymond James Financial has increased Pet Valu's target price from C$36.00 to C$40.00, indicating a potential upside of 10.53% from its previous close, maintaining an "outperform" rating.
• Multiple analysts have raised their target prices for Pet Valu, with notable increases from Stifel Nicolaus, Royal Bank of Canada, and Barclays, resulting in a consensus price target of C$40.22.
• Pet Valu's stock recently traded at C$36.19, marking a trading volume above its average, and the company boasts a market capitalization of C$2.57 billion.

Pet Valu (TSE:PET - Get Free Report) had its target price upped by investment analysts at Raymond James Financial from C$36.00 to C$40.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Raymond James Financial's price target would indicate a potential upside of 10.53% from the company's previous close.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus lifted their target price on Pet Valu from C$33.00 to C$40.00 and gave the company a "buy" rating in a research report on Wednesday. Royal Bank Of Canada boosted their target price on Pet Valu from C$35.00 to C$41.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Barclays boosted their price target on Pet Valu from C$32.00 to C$41.00 and gave the company an "overweight" rating in a research note on Wednesday. Desjardins upped their target price on Pet Valu from C$38.00 to C$41.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, ATB Capital upped their target price on Pet Valu from C$40.00 to C$41.00 and gave the company an "outperform" rating in a research report on Wednesday. Nine investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Pet Valu currently has a consensus rating of "Buy" and a consensus price target of C$40.22.

Pet Valu Trading Up 0.8%

Pet Valu stock traded up C$0.27 during mid-day trading on Wednesday, hitting C$36.19. The stock had a trading volume of 116,465 shares, compared to its average volume of 105,302. The stock has a 50-day simple moving average of C$32.70 and a two-hundred day simple moving average of C$28.48. The stock 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 12 month low of C$22.53 and a 12 month high of C$36.29.

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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