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Pet Valu (TSE:PET) Trading 1.5% Higher - What's Next?

Pet Valu logo with Consumer Cyclical background

Pet Valu Holdings Ltd. (TSE:PET - Get Free Report)'s stock price traded up 1.5% during trading on Tuesday . The company traded as high as C$36.02 and last traded at C$35.99. 124,026 shares changed hands during mid-day trading, an increase of 9% from the average session volume of 114,197 shares. The stock had previously closed at C$35.47.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Desjardins lifted their target price on shares of 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. Raymond James Financial lifted their target price on shares of Pet Valu from C$36.00 to C$40.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. Royal Bank Of Canada lifted their target price 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 Nicolaus lifted their target price on shares of Pet Valu from C$33.00 to C$40.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Finally, ATB Capital lifted their target price on shares of Pet Valu from C$40.00 to C$41.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of C$40.22.

View Our Latest Stock Analysis on PET

Pet Valu Stock Performance

The business's 50-day moving average price is C$36.82 and its 200-day moving average price is C$31.92. The stock has a market cap of C$2.46 billion, a P/E ratio of 26.86 and a beta of 0.92.

Pet Valu Company Profile

(Get Free Report)

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.

Further Reading

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