Pet Valu (TSE:PET) Shares Down 3.6% – Here’s What Happened

Pet Valu Holdings Ltd. (TSE:PET)’s stock price was down 3.6% during trading on Friday . The company traded as low as C$25.90 and last traded at C$26.06. Approximately 52,191 shares traded hands during trading, a decline of 18% from the average daily volume of 63,273 shares. The stock had previously closed at C$27.02.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PET. TD Securities raised their price objective on Pet Valu from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Barclays lifted their price target on Pet Valu from C$27.00 to C$32.00 in a research note on Wednesday, March 5th. Stifel Nicolaus upped their price objective on shares of Pet Valu from C$27.50 to C$28.50 in a research note on Wednesday, March 5th. Finally, CIBC lifted their target price on shares of Pet Valu from C$29.00 to C$33.00 in a research report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Pet Valu presently has an average rating of “Buy” and a consensus target price of C$32.42.

Pet Valu Stock Down 3.6 %

The stock’s 50 day moving average price is C$25.32 and its two-hundred day moving average price is C$25.62. The firm has a market capitalization of C$1.85 billion, a price-to-earnings ratio of 21.48 and a beta of 0.81.

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.