Pet Valu Holdings Ltd. (TSE:PET) Given Average Rating of “Buy” by Brokerages

by · The Cerbat Gem

Shares of Pet Valu Holdings Ltd. (TSE:PET – Get Free Report) have been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$34.33.

Several research firms recently commented on PET. Raymond James Financial boosted 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 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 research report on Wednesday, May 7th. Stifel Canada upgraded Pet Valu from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 10th. CIBC boosted their target price on Pet Valu from C$29.00 to C$33.00 in a research note on Wednesday, March 5th. Finally, Desjardins upgraded Pet Valu to a “moderate buy” rating in a research note on Friday, May 16th.

View Our Latest Analysis on Pet Valu

Pet Valu Stock Up 1.2%

Shares of TSE PET opened at C$33.03 on Tuesday. The company’s fifty day moving average is C$30.18 and its 200-day moving average is C$26.99. The stock has a market cap of C$2.35 billion, a price-to-earnings ratio of 27.23 and a beta of 0.81. Pet Valu has a twelve month low of C$22.53 and a twelve month high of C$33.17.

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 issued a $0.12 dividend. This is a boost from Pet Valu’s previous quarterly dividend of $0.11. This represents a $0.48 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend was Friday, May 30th. Pet Valu’s dividend payout ratio is currently 36.27%.

Pet Valu Company Profile

(Get Free Report

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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