Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) hit a new 52-week high on Monday . The company traded as high as C$34.19 and last traded at C$34.17, with a volume of 23250 shares. The stock had previously closed at C$33.49.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on PET. National Bankshares set a C$33.00 target price on Pet Valu and gave the stock an "outperform" rating in a research report on Thursday, June 5th. Cormark raised Pet Valu from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, May 7th. Stifel Nicolaus boosted their target price on Pet Valu from C$28.50 to C$33.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. Raymond James Financial boosted their target price on Pet Valu from C$34.00 to C$36.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, TD Securities boosted their price objective on shares of Pet Valu from C$32.00 to C$35.00 and gave the company a "buy" rating in a report on Wednesday, May 7th. Seven equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of C$34.33.
Read Our Latest Analysis on PET
Pet Valu Stock Performance
The company has a market capitalization of C$2.44 billion, a price-to-earnings ratio of 28.33 and a beta of 0.81. The firm has a fifty day moving average price of C$31.27 and a 200-day moving average price of C$27.56.
Pet Valu Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were issued a $0.12 dividend. This is a boost from Pet Valu's previous quarterly dividend of $0.11. The ex-dividend date was Friday, May 30th. This represents a $0.48 annualized dividend and a dividend yield of 1.40%. Pet Valu's dividend payout ratio (DPR) is currently 36.27%.
Pet Valu Company Profile
(
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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.
Further Reading
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