Pet Valu Holdings Ltd. (TSE:PET - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as C$34.19 and last traded at C$34.17, with a volume of 23250 shares trading hands. The stock had previously closed at C$33.49.
Analyst Ratings Changes
Several equities research analysts have recently commented on PET shares. Desjardins raised Pet Valu to a "moderate buy" rating in a research note on Friday, May 16th. ATB Capital lifted their target price on 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. Cormark raised Pet Valu from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, May 7th. Raymond James Financial lifted their target price on Pet Valu from C$34.00 to C$36.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Finally, National Bankshares set a C$33.00 target price on Pet Valu and gave the company an "outperform" rating in a research note on Thursday, June 5th. Seven equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, Pet Valu currently has a consensus rating of "Buy" and an average price target of C$34.33.
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Pet Valu Price Performance
The stock has a market capitalization of C$2.42 billion, a price-to-earnings ratio of 28.03 and a beta of 0.81. The business has a 50 day simple moving average of C$31.57 and a 200-day simple moving average of C$27.71.
Pet Valu Increases Dividend
The firm also recently announced 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 1.41%. This is a boost from Pet Valu's previous quarterly dividend of $0.11. The ex-dividend date was Friday, May 30th. Pet Valu's payout ratio is presently 36.27%.
About Pet Valu
(
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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.
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