Pet Valu (TSE:PET) Upgraded at Desjardins

Desjardins upgraded shares of Pet Valu (TSE:PET) to a moderate buy rating in a research report report published on Friday morning,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. ATB Capital lifted their price objective on Pet Valu from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Cormark raised Pet Valu from a “hold” rating to a “moderate buy” rating in a report on Wednesday, May 7th. Barclays lifted their target price on Pet Valu from C$27.00 to C$32.00 in a report on Wednesday, March 5th. Stifel Canada raised Pet Valu from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 10th. Finally, National Bankshares lifted their target price on Pet Valu from C$30.00 to C$33.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Seven analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$34.33.

Pet Valu Price Performance

TSE PET opened at C$28.84 on Friday. The stock has a market capitalization of C$2.05 billion, a price-to-earnings ratio of 23.78 and a beta of 0.81. Pet Valu has a one year low of C$22.53 and a one year high of C$30.74. The business’s fifty day moving average is C$26.39 and its 200-day moving average is C$25.89.

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.