Pet Valu Holdings Ltd. (TSE:PET) Receives C$24.56 Average PT from Brokerages

Shares of Pet Valu Holdings Ltd. (TSE:PET) have received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$24.56.

PET has been the topic of a number of recent analyst reports. TD Securities upgraded Pet Valu to a “strong-buy” rating in a research report on Thursday, May 21st. ATB Cormark Capital Markets cut their price target on shares of Pet Valu from C$40.00 to C$30.00 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Pet Valu from C$28.00 to C$22.00 in a research report on Wednesday, May 13th. Stifel Nicolaus decreased their price objective on shares of Pet Valu from C$32.00 to C$23.00 and set a “buy” rating on the stock in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada dropped their target price on shares of Pet Valu from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th.

Insider Buying and Selling

In other news, Director Matthew Reindel acquired 5,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of C$17.09 per share, for a total transaction of C$85,450.00. Following the acquisition, the director owned 5,000 shares in the company, valued at approximately C$85,450. This represents a ? increase in their position. Also, insider Gregory Mark Ramier acquired 2,800 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of C$17.89 per share, with a total value of C$50,092.00. Following the completion of the purchase, the insider owned 2,800 shares in the company, valued at C$50,092. This represents a ? increase in their position. In the last three months, insiders have bought 17,800 shares of company stock worth $308,142. Insiders own 0.29% of the company’s stock.

Pet Valu Stock Performance

PET opened at C$18.57 on Friday. The company has a fifty day moving average of C$18.62 and a two-hundred day moving average of C$23.18. The stock has a market capitalization of C$1.26 billion, a price-to-earnings ratio of 13.55 and a beta of 1.13. Pet Valu has a fifty-two week low of C$16.58 and a fifty-two week high of C$39.24.

Pet Valu (TSE:PET) last posted its earnings results on Tuesday, May 12th. The company reported C$0.31 EPS for the quarter. Pet Valu had a return on equity of 117.77% and a net margin of 8.11%.The firm had revenue of C$287.94 million for the quarter. On average, equities research analysts forecast that Pet Valu will post 1.6820546 earnings per share for the current 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.