RBC Lowers Price Target on Pet Valu
Financial analysts at Royal Bank Of Canada have lowered their price target for Pet Valu (TSE:PET) from C$26.00 to C$24.00 in a recent report.
This move reflects a potential upside of 23.71% from the company's previous close, according to BayStreet.CA reports.
Pet Valu has been the subject of various research notes and target price adjustments in recent weeks, with several analysts revising their forecasts downwards.
Some notable revisions include Stifel Nicolaus dropping its target price from C$32.00 to C$23.00, Canadian Imperial Bank of Commerce decreasing its target from C$28.00 to C$22.00, and Raymond James Financial cutting its target from C$31.50 to C$21.00.
Despite these downward revisions, Pet Valu still maintains an 'outperform' rating among analysts, with a consensus target price of C$24.33.