Royal Bank Of Canada Increases Pet Valu (TSE:PET) Price Target to C$41.00

Key Points

• Royal Bank of Canada raised its price target for Pet Valu from C$35.00 to C$41.00, suggesting a 22.06% potential upside from the stock's previous close.
• Other analysts, including TD Securities and ATB Capital, also increased their price targets, with eight analysts rating the stock as a "buy."
• Pet Valu's stock currently trades at C$33.59, down C$0.41 on the day, with a market capitalization of C$2.39 billion and a PE ratio of 27.69.

Pet Valu (TSE:PET - Get Free Report) had its target price raised by Royal Bank Of Canada from C$35.00 to C$41.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. Royal Bank Of Canada's price objective would suggest a potential upside of 22.06% from the company's previous close.

Other analysts also recently issued reports about the stock. TD Securities upped their price objective on shares of Pet Valu from C$32.00 to C$35.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. ATB Capital increased their price target on shares of Pet Valu from C$39.00 to C$40.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. National Bankshares set a C$33.00 price objective on shares of Pet Valu and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Desjardins lifted their target price on Pet Valu from C$32.00 to C$38.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Stifel Canada raised Pet Valu from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 10th. Eight analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of C$35.67.

Pet Valu Price Performance

Shares of Pet Valu stock traded down C$0.41 during midday trading on Thursday, hitting C$33.59. The company had a trading volume of 65,858 shares, compared to its average volume of 103,303. The business's 50 day simple moving average is C$32.50 and its two-hundred day simple moving average is C$28.30. Pet Valu has a 1-year low of C$22.53 and a 1-year high of C$34.59. The stock has a market cap of C$2.39 billion, a PE ratio of 27.69 and a beta of 0.81.

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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