Pet Valu Holdings Ltd. (TSE:PET) Receives Average Rating of "Buy" from Analysts

Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) has been assigned an average rating of "Buy" from the ten research firms that are covering the stock, Marketbeat Ratings reports. Seven research analysts have rated the stock with a buy rating and three have assigned a strong buy rating to the company. The average twelve-month price target among analysts 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 analyst reports. ATB Capital lifted their target price on shares of Pet Valu from C$39.00 to C$40.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada upped their target price on shares of Pet Valu from C$34.00 to C$35.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Desjardins upgraded shares of Pet Valu to a "moderate buy" rating in a research report on Friday, May 16th. Stifel Canada raised Pet Valu from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 10th. Finally, Cormark raised shares of Pet Valu from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, May 7th.

Pet Valu Trading Up 0.5%

TSE PET traded up C$0.16 during trading hours on Friday, reaching C$34.31. 140,582 shares of the company traded hands, compared to its average volume of 103,093. Pet Valu has a 12 month low of C$22.53 and a 12 month high of C$34.59. The stock has a market capitalization of C$2.44 billion, a PE ratio of 28.29 and a beta of 0.81. The company has a 50 day moving average of C$31.73 and a two-hundred day moving average of C$27.88.

Pet Valu Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were issued a dividend of $0.12 per share. This is an increase from Pet Valu's previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Friday, May 30th. Pet Valu's dividend payout ratio (DPR) is presently 36.27%.

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.