Desjardins Has Lowered Expectations for Pet Valu (TSE:PET) Stock Price

Pet Valu (TSE:PET) had its target price cut by analysts at Desjardins from C$41.00 to C$32.00 in a research report issued on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective suggests a potential upside of 4.85% from the company’s current price.

PET has been the topic of several other reports. Barclays lifted their target price on shares of Pet Valu from C$27.00 to C$32.00 in a research report on Wednesday, March 5th. CIBC lifted their price objective on shares of Pet Valu from C$29.00 to C$33.00 in a research note on Wednesday, March 5th. Stifel Canada raised shares of Pet Valu from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 10th. ATB Capital upped their price target on Pet Valu from C$39.00 to C$40.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, TD Securities boosted their target price on Pet Valu from C$30.00 to C$32.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Eight equities research analysts have rated the stock with a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of C$34.33.

Pet Valu Price Performance

TSE PET opened at C$30.52 on Wednesday. Pet Valu has a 12 month low of C$22.53 and a 12 month high of C$30.60. The company’s 50 day simple moving average is C$26.06 and its 200 day simple moving average is C$25.74. The firm has a market capitalization of C$2.17 billion, a PE ratio of 25.16 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.