Pet Valu Holdings Ltd. (TSE:PET) Receives Average Rating of “Moderate Buy” from Analysts

Pet Valu Holdings Ltd. (TSE:PET) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$24.89.

A number of equities analysts have recently issued reports on PET shares. Raymond James Financial downgraded Pet Valu from an “outperform” rating to a “market perform” rating and upped their price target for the stock from C$21.00 to C$23.00 in a research report on Wednesday, August 12th. National Bank Financial raised their price objective on Pet Valu from C$22.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada dropped their target price on Pet Valu from C$26.00 to C$24.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Finally, Barclays upped their target price on Pet Valu from C$17.00 to C$19.00 in a research report on Wednesday, August 12th.

Pet Valu Stock Performance

Shares of TSE:PET opened at C$17.73 on Thursday. The firm’s 50 day simple moving average is C$18.90 and its 200-day simple moving average is C$19.62. The firm has a market cap of C$1.19 billion, a PE ratio of 12.40 and a beta of 0.95. Pet Valu has a one year low of C$16.58 and a one year high of C$37.85.

Pet Valu (TSE:PET) last posted its quarterly earnings results on Tuesday, August 11th. The company reported C$0.37 EPS for the quarter. The business had revenue of C$290.68 million during the quarter. Pet Valu had a net margin of 8.31% and a return on equity of 110.16%. Equities research analysts predict that Pet Valu will post 1.6820546 EPS for the current fiscal year.

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.