Pet Valu (TSE:PET) Trading Up 0.4% – Should You Buy?

Pet Valu Holdings Ltd. (TSE:PET) shares rose 0.4% on Wednesday . The stock traded as high as C$29.48 and last traded at C$29.27. Approximately 49,563 shares were traded during trading, a decline of 65% from the average daily volume of 142,258 shares. The stock had previously closed at C$29.16.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Canadian Imperial Bank of Commerce reduced their target price on shares of Pet Valu from C$42.00 to C$36.00 in a report on Wednesday, November 5th. Desjardins set a C$38.00 price objective on shares of Pet Valu and gave the stock a “buy” rating in a research note on Friday, December 19th. TD Securities lowered their target price on Pet Valu from C$44.00 to C$40.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Barclays dropped their target price on Pet Valu from C$41.00 to C$34.00 in a report on Wednesday, November 5th. Finally, Royal Bank Of Canada decreased their price target on Pet Valu from C$43.00 to C$40.00 in a research note on Wednesday, November 5th. Eight analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Pet Valu presently has a consensus rating of “Buy” and a consensus target price of C$38.56.

Pet Valu Trading Up 0.4%

The firm has a market capitalization of C$2.02 billion, a price-to-earnings ratio of 21.36 and a beta of 0.87. The company’s 50 day moving average is C$28.47 and its 200-day moving average is C$32.06.

Pet Valu Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Friday, November 28th. Pet Valu’s payout ratio is currently 34.31%.

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.