Pet Valu (TSE:PET) Hits New 12-Month Low – Should You Sell?

Pet Valu Holdings Ltd. (TSE:PET)’s share price hit a new 52-week low on Friday . The stock traded as low as C$23.52 and last traded at C$23.58, with a volume of 13364 shares trading hands. The stock had previously closed at C$23.78.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PET. Cormark lowered shares of Pet Valu from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Raymond James reduced their price target on shares of Pet Valu from C$36.00 to C$34.00 in a research report on Wednesday, November 6th. Barclays reduced their price target on shares of Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday, November 6th. TD Securities reduced their price target on shares of Pet Valu from C$32.00 to C$30.00 and set a “buy” rating on the stock in a research report on Wednesday, November 6th. Finally, CIBC reduced their price target on shares of Pet Valu from C$31.00 to C$29.00 and set an “outperform” rating on the stock in a research report on Wednesday. One investment analyst has rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Pet Valu has an average rating of “Buy” and an average target price of C$31.00.

Pet Valu Price Performance

The company has a market capitalization of C$1.67 billion, a P/E ratio of 19.40 and a beta of 0.81. The stock’s 50 day simple moving average is C$25.30 and its two-hundred day simple moving average is C$25.50.

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.