Pet Valu (TSE:PET) Price Target Raised to C$35.00 at Royal Bank of Canada

Pet Valu (TSE:PET) had its target price boosted by equities researchers at Royal Bank of Canada from C$34.00 to C$35.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. Royal Bank of Canada’s price target points to a potential upside of 40.34% from the stock’s previous close.

A number of other research analysts also recently issued reports on PET. Barclays dropped their price target on shares of Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday. Cibc World Mkts raised shares of Pet Valu to a “strong-buy” rating in a research report on Wednesday, August 7th.

Pet Valu Stock Performance

Shares of Pet Valu stock traded up C$0.04 during trading on Wednesday, hitting C$24.94. The company’s stock had a trading volume of 61,183 shares, compared to its average volume of 70,952. The stock has a market capitalization of C$1.78 billion, a PE ratio of 22.02 and a beta of 0.81. Pet Valu has a 52 week low of C$23.58 and a 52 week high of C$32.90. The firm’s 50-day moving average is C$25.50.

Pet Valu (TSE:PET) last issued its quarterly earnings results on Tuesday, November 5th. The company reported C$0.41 earnings per share for the quarter, beating the consensus estimate of C$0.35 by C$0.06. The company had revenue of C$276.03 million during the quarter, compared to analysts’ expectations of C$267.68 million. Pet Valu had a return on equity of 128.24% and a net margin of 7.64%. Analysts predict that Pet Valu will post 1.6820546 EPS for the current fiscal year.

Pet Valu Company Profile

Pet Valu Holdings Ltd. engages in the retail and wholesale of pet foods and pet-related supplies for dogs, cats, fish, birds, reptiles, and small animals in Canada. It offers food and treats for dogs and cats, cat litter, dog and cat toys, collars and leashes, health and wellness solutions, waste management solutions, pet cages and carriers, flea and tick products, and pet apparel and other related accessories.