Pet Valu (TSE:PET) Shares Down 3.6% – Time to Sell?

Pet Valu Holdings Ltd. (TSE:PET) fell 3.6% on Friday . The stock traded as low as C$25.90 and last traded at C$26.06. 52,191 shares changed hands during trading, a decline of 18% from the average session volume of 63,273 shares. The stock had previously closed at C$27.02.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Barclays raised their price target on Pet Valu from C$27.00 to C$32.00 in a research note on Wednesday, March 5th. TD Securities raised their target price on shares of Pet Valu from C$30.00 to C$32.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. CIBC upped their price target on shares of Pet Valu from C$29.00 to C$33.00 in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus lifted their price target on shares of Pet Valu from C$27.50 to C$28.50 in a report on Wednesday, March 5th. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of C$32.42.

Pet Valu Stock Performance

The company’s fifty day moving average is C$25.32 and its two-hundred day moving average is C$25.62. The firm has a market cap of C$1.85 billion, a price-to-earnings ratio of 21.48 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.