Pet Valu (TSE:PET) Trading Up 0.1% - Time to Buy?

Key Points

• Pet Valu Holdings Ltd. shares increased by 0.1% during mid-day trading, reaching a last traded price of C$36.27.
• Several analysts have upgraded their price targets for Pet Valu, with the consensus target price rising to C$40.22 and most ratings categorizing the stock as a "Buy".
• The company has a market capitalization of C$2.47 billion and maintains a P/E ratio of 27.07, indicating strong investor interest in the pet product sector.

Shares of Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) rose 0.1% during mid-day trading on Thursday . The stock traded as high as C$36.52 and last traded at C$36.27. Approximately 50,491 shares traded hands during trading, a decline of 55% from the average daily volume of 111,241 shares. The stock had previously closed at C$36.23.

Analyst Upgrades and Downgrades

PET has been the topic of several research reports. Royal Bank Of Canada upped 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. ATB Capital upped their price objective on Pet Valu from C$40.00 to C$41.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Barclays upped their price objective on Pet Valu from C$32.00 to C$41.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. National Bankshares upped their price objective on Pet Valu from C$38.00 to C$41.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 6th. Finally, TD Securities upped their price objective on Pet Valu from C$35.00 to C$44.00 and gave the stock a "buy" rating in a research note 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$40.22.

Pet Valu Stock Up 0.1%

The firm has a market cap of C$2.47 billion, a P/E ratio of 27.07 and a beta of 0.94. The company has a 50 day moving average of C$37.00 and a two-hundred day moving average of C$33.10.

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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