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

Pet Valu (TSE:PET) had its target price reduced by investment analysts at Barclays from C$28.00 to C$27.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. Barclays‘s target price indicates a potential upside of 8.26% from the company’s current price.

Separately, Cibc World Mkts upgraded Pet Valu to a “strong-buy” rating in a research report on Wednesday, August 7th.

Pet Valu Stock Up 0.2 %

Shares of PET traded up C$0.04 during mid-day trading on Wednesday, reaching C$24.94. The company had a trading volume of 61,183 shares, compared to its average volume of 70,952. Pet Valu has a twelve month low of C$23.58 and a twelve month high of C$32.90. The stock’s 50-day moving average price is C$25.50. The stock has a market cap of C$1.78 billion, a P/E ratio of 22.02 and a beta of 0.81.

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

About Pet Valu

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.