Pet Valu (TSE:PET) Stock Price Expected to Rise, TD Securities Analyst Says

Key Points

• TD Securities has raised its price target for Pet Valu from C$35.00 to C$44.00, suggesting a potential upside of 21.58% and maintaining a "buy" rating on the stock.
• Multiple analysts have recently upgraded their ratings for Pet Valu, indicating positive market sentiment, with most recommending it as a buy.
• Pet Valu's stock recently traded up C$0.27, with a current price of C$36.19 and a market capitalization of C$2.57 billion.

Pet Valu (TSE:PET - Get Free Report) had its price target lifted by investment analysts at TD Securities from C$35.00 to C$44.00 in a research note issued on Wednesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. TD Securities' target price would indicate a potential upside of 21.58% from the stock's current price.

Several other analysts have also recently issued reports on the stock. ATB Capital upped their price objective 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. Royal Bank Of Canada increased their price objective on shares of Pet Valu from C$35.00 to C$41.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Stifel Canada raised Pet Valu from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 10th. Cormark upgraded Pet Valu from a "hold" rating to a "moderate buy" rating in a report on Wednesday, May 7th. Finally, Desjardins upped their target price on shares of Pet Valu from C$32.00 to C$38.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Nine research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of C$40.22.

Pet Valu Trading Up 0.8%

TSE PET traded up C$0.27 on Wednesday, hitting C$36.19. 116,465 shares of the company traded hands, compared to its average volume of 105,302. Pet Valu has a 52-week low of C$22.53 and a 52-week high of C$36.29. The company has a market capitalization of C$2.57 billion, a price-to-earnings ratio of 29.84 and a beta of 0.81. The business's 50 day moving average price is C$32.70 and its 200-day moving average price is C$28.48.

About Pet Valu

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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