Pet Valu (TSE:PET) Given New C$41.00 Price Target at Barclays

Key Points

• Pet Valu's price target has been increased from C$32.00 to C$41.00 by Barclays, indicating a potential upside of 13.29% from its current value.
• The company currently holds a consensus rating of "Buy" with nine analysts rating it as a buy and two as a strong buy.
• Pet Valu's stock traded at C$36.19, with a market cap of C$2.57 billion and a P/E ratio of 29.84.

Pet Valu (TSE:PET - Get Free Report) had its target price lifted by analysts at Barclays from C$32.00 to C$41.00 in a report released on Wednesday,BayStreet.CA reports. The firm presently has an "overweight" rating on the stock. Barclays's price objective would suggest a potential upside of 13.98% from the stock's current price.

PET has been the subject of several other research reports. National Bankshares set a C$33.00 target price on shares of Pet Valu and gave the company an "outperform" rating in a research note on Thursday, June 5th. ATB Capital upped their target price on shares of Pet Valu from C$40.00 to C$41.00 and gave the company an "outperform" rating in a research note on Wednesday. Stifel Canada raised shares of Pet Valu from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 10th. 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 report on Wednesday. Finally, Desjardins upped their price target on shares of Pet Valu from C$32.00 to C$38.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$40.22.

Pet Valu Trading Down 0.9%

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