Pet Valu (TSE:PET) Price Target Lowered to C$29.00 at CIBC

Pet Valu (TSE:PET) had its price objective lowered by CIBC from C$31.00 to C$29.00 in a report issued on Wednesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

A number of other brokerages have also commented on PET. Cormark lowered Pet Valu from a “moderate buy” rating to a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their target price on Pet Valu from C$34.00 to C$35.00 in a research report on Wednesday, November 6th. Raymond James decreased their target price on Pet Valu from C$36.00 to C$34.00 in a research report on Wednesday, November 6th. Barclays decreased their target price on Pet Valu from C$28.00 to C$27.00 in a research report on Wednesday, November 6th. Finally, TD Securities decreased their target price on Pet Valu from C$32.00 to C$30.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of C$31.00.

Pet Valu Trading Down 0.3 %

Shares of Pet Valu stock opened at C$24.51 on Wednesday. The business’s fifty day simple moving average is C$25.34 and its 200 day simple moving average is C$25.52. The firm has a market capitalization of C$1.74 billion, a P/E ratio of 20.21 and a beta of 0.81. Pet Valu has a 12 month low of C$23.58 and a 12 month high of C$32.74.

Pet Valu Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 16th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, November 29th. Pet Valu’s dividend payout ratio (DPR) is presently 36.27%.

Pet Valu Company Profile

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.