Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) has received a consensus recommendation of "Buy" from the ten analysts that are presently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$34.33.
A number of analysts have recently issued reports on the company. TD Securities lifted their price target on 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 raised shares of Pet Valu to a "moderate buy" rating in a research note on Friday, May 16th. CIBC boosted their target price on Pet Valu from C$29.00 to C$33.00 in a report on Wednesday, March 5th. Stifel Nicolaus increased their price target on Pet Valu from C$28.50 to C$33.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Finally, Royal Bank of Canada lifted their price objective on Pet Valu from C$34.00 to C$35.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th.
Check Out Our Latest Analysis on PET
Pet Valu Price Performance
Pet Valu stock traded down C$0.11 during midday trading on Friday, reaching C$30.54. The company had a trading volume of 30,089 shares, compared to its average volume of 79,386. Pet Valu has a 12-month low of C$22.53 and a 12-month high of C$31.00. The company has a market capitalization of C$2.17 billion, a P/E ratio of 25.18 and a beta of 0.81. The firm's fifty day simple moving average is C$27.63 and its 200-day simple moving average is C$26.27.
Pet Valu Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 16th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.57%. This is an increase from Pet Valu's previous quarterly dividend of $0.11. The ex-dividend date is Friday, May 30th. Pet Valu's dividend payout ratio (DPR) is presently 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.
Further Reading
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