CIBC Raises Pet Valu (TSE:PET) Price Target to C$33.00

Pet Valu (TSE:PET) had its price target upped by CIBC from C$29.00 to C$33.00 in a report released on Wednesday,BayStreet.CA reports. CIBC’s price target would suggest a potential upside of 25.00% from the company’s previous close.

A number of other brokerages also recently issued reports on PET. Raymond James dropped their price target on shares of Pet Valu from C$36.00 to C$34.00 in a report on Wednesday, November 6th. Stifel Nicolaus raised their price target on shares of Pet Valu from C$27.50 to C$28.50 in a report on Wednesday. Royal Bank of Canada raised their price target on shares of Pet Valu from C$34.00 to C$35.00 in a report on Wednesday, November 6th. TD Securities dropped their price target on shares of Pet Valu from C$32.00 to C$30.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, Barclays dropped their price objective on shares of Pet Valu from C$28.00 to C$27.00 in a report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$32.42.

Pet Valu Stock Up 0.5 %

Shares of TSE PET opened at C$26.40 on Wednesday. The firm’s 50-day moving average price is C$25.43 and its 200-day moving average price is C$25.54. The company has a market cap of C$1.88 billion, a PE ratio of 21.76 and a beta of 0.81. Pet Valu has a 52-week low of C$23.32 and a 52-week high of C$32.74.

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.