Pet Valu (TSE:PET) Upgraded at Stifel Canada

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

Several other research analysts have also commented on the company. Barclays boosted their price target on Pet Valu from C$27.00 to C$32.00 in a research report 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. TD Securities raised their target price on shares of 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. Finally, CIBC lifted their price target on shares of Pet Valu from C$29.00 to C$33.00 in a report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$32.42.

Pet Valu Price Performance

PET stock opened at C$26.23 on Thursday. Pet Valu has a 1-year low of C$22.53 and a 1-year high of C$32.70. The business has a 50-day moving average price of C$25.03 and a 200 day moving average price of C$25.53. The company has a market capitalization of C$1.87 billion, a P/E ratio of 21.62 and a beta of 0.81.

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.