Stifel Nicolaus Issues Positive Forecast for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its target price increased by Stifel Nicolaus from C$27.50 to C$28.50 in a report released on Wednesday morning,BayStreet.CA reports.

PET has been the subject of several other reports. Barclays dropped their price objective on Pet Valu from C$28.00 to C$27.00 in a research note on Wednesday, November 6th. TD Securities cut their price target on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Royal Bank of Canada increased their price objective on shares of Pet Valu from C$34.00 to C$35.00 in a research note on Wednesday, November 6th. Cormark cut shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, Raymond James lowered their price target on shares of Pet Valu from C$36.00 to C$34.00 in a research report on Wednesday, November 6th. 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’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of C$32.42.

Pet Valu Trading Down 2.1 %

Shares of PET opened at C$26.26 on Wednesday. The firm’s 50-day moving average is C$25.39 and its two-hundred day moving average is C$25.53. Pet Valu has a twelve month low of C$23.32 and a twelve month high of C$32.74. The firm has a market capitalization of C$1.87 billion, a P/E ratio of 21.65 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.