Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) has received a consensus rating of "Buy" from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$34.33.
PET has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their target price on Pet Valu from C$28.50 to C$33.00 and gave the company a "buy" rating in a research report on Wednesday, May 7th. TD Securities raised their price target on Pet Valu from C$32.00 to C$35.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Raymond James Financial upped their price objective on shares of Pet Valu from C$34.00 to C$36.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Barclays increased their target price on shares of Pet Valu from C$27.00 to C$32.00 in a report on Wednesday, March 5th. Finally, ATB Capital boosted their price target on shares of Pet Valu from C$39.00 to C$40.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th.
View Our Latest Research Report on Pet Valu
Pet Valu Trading Up 1.0%
Shares of Pet Valu stock traded up C$0.32 on Tuesday, hitting C$32.74. 70,703 shares of the company traded hands, compared to its average volume of 102,261. The stock's 50 day moving average price is C$29.66 and its 200-day moving average price is C$26.79. Pet Valu has a 52 week low of C$22.53 and a 52 week high of C$32.92. The company has a market cap of C$2.33 billion, a PE ratio of 26.99 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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