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

Pet Valu Holdings Ltd. (TSE:PET) has been assigned an average rating of “Buy” from the ten research firms that are covering the firm, Marketbeat reports. Nine research analysts have rated the stock with a buy recommendation and one has 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$40.22.

Several research analysts have recently issued reports on the company. National Bankshares upped their price objective on Pet Valu from C$38.00 to C$41.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. Stifel Nicolaus upped their price objective on Pet Valu from C$33.00 to C$40.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Raymond James Financial upped their price objective on Pet Valu from C$36.00 to C$40.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th. TD Securities upped their price objective on Pet Valu from C$35.00 to C$44.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. Finally, Cormark upgraded Pet Valu from a “hold” rating to a “moderate buy” rating in a report on Wednesday, May 7th.

Pet Valu Trading Up 1.6%

Shares of TSE PET opened at C$37.05 on Wednesday. The company has a market cap of C$2.63 billion, a price-to-earnings ratio of 30.54 and a beta of 0.81. Pet Valu has a 12 month low of C$22.53 and a 12 month high of C$37.29. The stock has a 50-day moving average price of C$33.40 and a two-hundred day moving average price of C$28.89.

Pet Valu Increases Dividend

The business 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. 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 yield of 1.3%. Pet Valu’s dividend payout ratio (DPR) is 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.