Pet Valu (TSE:PET) Upgraded by Stifel Canada to “Strong-Buy” Rating

Stifel Canada upgraded shares of Pet Valu (TSE:PET) from a hold rating to a strong-buy rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research analysts have also recently issued reports on PET. Barclays raised their target price on shares of Pet Valu from C$27.00 to C$32.00 in a report on Wednesday, March 5th. TD Securities lifted their price objective on Pet Valu from C$30.00 to C$32.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. CIBC boosted their price objective on Pet Valu from C$29.00 to C$33.00 in a report on Wednesday, March 5th. Finally, Stifel Nicolaus raised Pet Valu from a “hold” rating to a “buy” rating in a report on Thursday. One research analyst has rated the stock with a hold rating, three have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Pet Valu currently has a consensus rating of “Buy” and an average price target of C$32.42.

Pet Valu Trading Up 3.9 %

PET opened at C$26.23 on Thursday. Pet Valu has a 12-month low of C$22.53 and a 12-month high of C$32.70. The firm has a 50 day moving average of C$25.03 and a two-hundred day moving average of C$25.53. The firm has a market capitalization of C$1.87 billion, a PE ratio of 21.62 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.