Pet Valu (TSE:PET) Given a C$38.00 Price Target by Desjardins Analysts

Pet Valu (TSE:PET) received a C$38.00 price objective from equities researchers at Desjardins in a report issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 34.28% from the stock’s current price.

PET has been the subject of several other research reports. CIBC cut their price objective on Pet Valu from C$42.00 to C$36.00 in a research report on Wednesday, November 5th. TD Securities dropped their price target on Pet Valu from C$44.00 to C$40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Stifel Nicolaus cut their price target on Pet Valu from C$40.00 to C$37.00 in a report on Wednesday, November 5th. Royal Bank Of Canada reduced their price objective on Pet Valu from C$43.00 to C$40.00 in a research report on Wednesday, November 5th. Finally, Barclays lowered their price objective on shares of Pet Valu from C$41.00 to C$34.00 in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$38.56.

Pet Valu Trading Up 0.1%

TSE PET opened at C$28.30 on Friday. Pet Valu has a 1 year low of C$22.53 and a 1 year high of C$39.24. The company has a fifty day simple moving average of C$30.80 and a 200 day simple moving average of C$33.67. The company has a market cap of C$1.95 billion, a P/E ratio of 20.66 and a beta of 0.80.

Pet Valu (TSE:PET) last released its earnings results on Tuesday, November 4th. The company reported C$0.40 earnings per share for the quarter. Pet Valu had a net margin of 8.02% and a return on equity of 100.39%. The firm had revenue of C$289.46 million during the quarter. Equities research analysts forecast that Pet Valu will post 1.6820546 EPS for the current fiscal year.

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.