Pet Valu (TSE:PET) Price Target Raised to C$41.00 at Desjardins

Key Points

• Desjardins raised Pet Valu's target price from C$38.00 to C$41.00, indicating a potential upside of 13.29% from its current price.
• Nine research analysts have rated the stock as a buy, contributing to a consensus rating of buy with an average price target of C$40.22.
• During mid-day trading, Pet Valu's shares increased by C$0.27, bringing its current trading price to C$36.19 with a market capitalization of C$2.57 billion.

Pet Valu (TSE:PET - Free Report) had its price target lifted by Desjardins from C$38.00 to C$41.00 in a research note published on Wednesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Desjardins also issued estimates for Pet Valu's Q3 2025 earnings at $0.41 EPS, Q4 2025 earnings at $0.54 EPS, FY2025 earnings at $1.67 EPS and FY2026 earnings at $1.86 EPS.

PET has been the topic of several other reports. Raymond James Financial increased their price objective on shares of Pet Valu from C$34.00 to C$36.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. TD Securities raised their price target on shares of Pet Valu from C$35.00 to C$44.00 and gave the stock a "buy" rating in a research report on Wednesday. Royal Bank Of Canada raised their price target on shares of Pet Valu from C$35.00 to C$41.00 and gave the stock an "outperform" rating in a research report on Thursday, July 31st. Stifel Canada raised shares of Pet Valu from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 10th. Finally, National Bankshares set a C$33.00 price target on shares of Pet Valu and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Nine research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of C$40.22.

Pet Valu Stock Down 0.9%

Shares of PET traded down C$0.33 during trading hours on Wednesday, hitting C$35.97. The company had a trading volume of 88,196 shares, compared to its average volume of 107,156. The firm has a market cap of C$2.56 billion, a price-to-earnings ratio of 29.65 and a beta of 0.81. The business has a fifty day moving average of C$33.15 and a 200-day moving average of C$28.76. Pet Valu has a 12 month low of C$22.53 and a 12 month high of C$36.86.

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 paid a dividend of $0.12 per share. The ex-dividend date was Friday, May 30th. This is a positive change from Pet Valu's previous quarterly dividend of $0.11. This represents a $0.48 dividend on an annualized basis and a yield of 1.3%. Pet Valu's dividend payout ratio is currently 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.