Pet Valu Holdings Ltd. (TSE:PET) Receives Consensus Recommendation of "Buy" from Brokerages

Shares of Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) have received a consensus rating of "Buy" from the ten ratings firms that are covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$34.33.

Several analysts have recently issued reports on the stock. 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 research report on Wednesday, May 7th. Stifel Nicolaus upped their target price on shares of Pet Valu from C$28.50 to C$33.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. Raymond James Financial upped their target price on shares of Pet Valu from C$34.00 to C$36.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. National Bankshares set a C$33.00 target price on shares of Pet Valu and gave the stock an "outperform" rating in a report on Thursday, June 5th. Finally, Desjardins raised shares of Pet Valu to a "moderate buy" rating in a report on Friday, May 16th.

Pet Valu Stock Up 0.7%

TSE PET opened at C$34.25 on Friday. The company's 50 day moving average is C$31.73 and its 200-day moving average is C$27.84. Pet Valu has a 12-month low of C$22.53 and a 12-month high of C$34.59. The firm has a market cap of C$2.44 billion, a P/E ratio of 28.24 and a beta of 0.81.

Pet Valu Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 16th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Friday, May 30th. This is a boost from Pet Valu's previous quarterly dividend of $0.11. Pet Valu's payout ratio is currently 36.27%.

About Pet Valu

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.

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