Pet Valu (TSE:PET) Upgraded to Strong-Buy at Cibc World Mkts

Cibc World Mkts upgraded shares of Pet Valu (TSE:PET) to a strong-buy rating in a research note released on Wednesday, Zacks.com reports.

Separately, Barclays raised shares of Pet Valu to a strong-buy rating in a research report on Wednesday.

Pet Valu Stock Down 1.0 %

Shares of TSE PET traded down C$0.24 during mid-day trading on Wednesday, reaching C$24.09. The company had a trading volume of 52,878 shares, compared to its average volume of 72,297. Pet Valu has a twelve month low of C$23.52 and a twelve month high of C$32.90.

Pet Valu Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, August 30th.

Pet Valu Company Profile

Pet Valu Holdings Ltd. engages in the retail and wholesale of pet foods and pet-related supplies for dogs, cats, fish, birds, reptiles, and small animals in Canada. It offers food and treats for dogs and cats, cat litter, dog and cat toys, collars and leashes, health and wellness solutions, waste management solutions, pet cages and carriers, flea and tick products, and pet apparel and other related accessories.