Shares of Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) have earned an average rating of "Buy" from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$34.33.
Several research analysts have commented on the stock. TD Securities lifted their price target on shares of Pet Valu from C$32.00 to C$35.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Desjardins upgraded Pet Valu to a "moderate buy" rating in a report on Friday, May 16th. Cormark raised shares of Pet Valu from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, May 7th. Barclays increased their price objective on Pet Valu from C$27.00 to C$32.00 in a report on Wednesday, March 5th. Finally, Stifel Canada raised Pet Valu from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 10th.
Check Out Our Latest Analysis on PET
Pet Valu Stock Down 0.9%
PET traded down C$0.28 on Tuesday, hitting C$32.64. The company's stock had a trading volume of 96,477 shares, compared to its average volume of 101,821. The company's 50 day simple moving average is C$29.92 and its 200-day simple moving average is C$26.87. Pet Valu has a 12 month low of C$22.53 and a 12 month high of C$33.07. The firm has a market cap of C$2.32 billion, a P/E ratio of 26.91 and a beta of 0.81.
Pet Valu Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 16th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, May 30th. This is a boost from Pet Valu's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.47%. Pet Valu's dividend payout ratio (DPR) is 36.27%.
About Pet Valu
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Get Free ReportPet 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.
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