Pet Valu Holdings Ltd. (TSE:PET) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Pet Valu Holdings Ltd. (TSE:PET) have been assigned an average recommendation of “Buy” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$32.42.

PET has been the topic of several research reports. CIBC boosted their price target on Pet Valu from C$29.00 to C$33.00 in a research note on Wednesday, March 5th. Stifel Nicolaus upgraded shares of Pet Valu from a “hold” rating to a “buy” rating in a research note on Thursday, April 10th. TD Securities boosted their price target on shares of Pet Valu from C$30.00 to C$32.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. Barclays raised their price objective on shares of Pet Valu from C$27.00 to C$32.00 in a report on Wednesday, March 5th. Finally, Stifel Canada raised shares of Pet Valu from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 10th.

Pet Valu Stock Performance

TSE:PET opened at C$26.70 on Thursday. The firm’s 50-day moving average is C$25.04 and its 200-day moving average is C$25.54. The company has a market cap of C$1.90 billion, a price-to-earnings ratio of 22.01 and a beta of 0.81. Pet Valu has a 52-week low of C$22.53 and a 52-week high of C$32.70.

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.