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Pick n Pay Stores Ltd (JSE: PIK) | Share Price

Nigel Firth
Nigel Frith trader
Updated 24 May 2024

Pick n Pay Stores Ltd is a South Africa-based retail group listed on the Johannesburg Stock Exchange (JSE) that is engaged in retail business in the fast-moving consumer goods industry.

The history of Pick n Pay Stores Ltd can be traced back to 1967 when it was founded by Jack Goldin and now operates a network of about 2 000 owned and franchised stores.

Investors have seen Pick n Pay Stores Ltd shares perform well historically, and it remains a steady investment. Pick n Pay Stores Ltd stock is live on the JSE under the stock symbol of PIK and is available to trade via various brokers in South Africa.

What is Pick n Pay Stores Ltd

The Pick n Pay Group is one of Africa’s largest and most consistently successful retailers, and also has 62 supermarkets in Zimbabwe through its investment in TM Supermarkets. Pick n Pay branded businesses include Hypermarkets, Supermarkets, Clothing, Liquor, and Express. Non-Pick n Pay branded businesses include Boxer Superstores and a 49% shareholding in TM Supermarkets in Zimbabwe.

Today, Pick n Pay Stores Ltd has a diversified portfolio of products and services in more sectors of the Consumer Services value chain and operates through two segments: South Africa and Rest of Africa. Its South Africa segment, under the Pick n Pay and Boxer brands, offers essential daily commodities, as well as perishables, health and beauty products, general merchandise and bulk-buy offer. Its Rest of Africa segment is responsible for the Company’s expansion into the rest of Africa.

Pick n Pay Stores Ltd’s equity stocks are for sale online on the Johannesburg Stock Exchange (JSE) under the stock symbol PIK.

Pick n Pay Stores Ltd has its headquarters at Pick n Pay Office Park, 101 Rosmead Avenue, Kenilworth, Cape Town, 7708.

Pick n Pay Stores Ltd has more than 90,000 employees.

The current CEO of Pick n Pay Stores Ltd is Pieter Boone.

Pick n Pay Stores Ltd forms part of the Consumer Services sector, specifically, the Food & Drug Retailers industry of the Johannesburg Stock Exchange (JSE).

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Pick n Pay Stores Ltd

Pick n Pay Stores Ltd Stock Performance

The most recent or current price for Pick n Pay Stores Ltd stocks on the Johannesburg Stock Exchange (JSE) was 53.42 ZAR at the time of writing.

An analysis of financial data of Pick n Pay Stores Ltd showed that the company has a total market capitalisation of 26.4 Billion ZAR, with a Price/Earning ratio of 21.64 and earnings per share of 2.4681.

The dividend per share of PIK was 1.97 ZAR and its dividend yield was 3.69%.  A total of 493 Million shares were outstanding.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell Pick n Pay Stores Ltd stocks can be hopeful for lucrative dividends and earnings in times to come.

According to an analysis on the live chart of Pick n Pay Stores Ltd, analysts forecast a possible further improved performance for the Consumer Services sector with market share growing as trading volumes increase.

Pick-n-Pay-Shares

Highlights of Pick n Pay Stores Ltd in 2021

Pick n Pay Stores Ltd started the current financial year (2021) with a share price of 52.47 ZAR on the Johannesburg Stock Exchange (JSE), and it has gained 1.81 % in value on its price valuation, ranking 140th on the JSE with its year-to-date performance.

Pick n Pay Stores Ltd is currently the 56th most-traded stock on the JSE and it has experienced a total trading volume of more than 81.9 million shares, which were finalised in 68,889 deals and were valued at a total of 4.69 billion ZAR over a recent three month period from October 2021 to January 2022, with an average of 1.3 million shares in each trading session.

During the same period a volume high of 6.51 million was achieved on October 27 and a low of 136,838 on January 3.

How to buy Pick n Pay Stores Ltd stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders' participating daily. To buy, sell or trade Pick n Pay Stores Ltd stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “PIK”.
  2. Select a forex broker that offers access to the Johannesburg Stock Exchange (JSE).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. You are now ready to make your first share purchase through the broker.
  6. You can further start to build and diversify your portfolio by buying more shares.

FAQs

The Johannesburg Stock Exchange (JSE) was founded in 1887 during the first South African gold rush. Today it is the principal stock exchange of South Africa and the largest exchange on the continent.

The Johannesburg Stock Exchange is located in Sandton, Johannesburg and is described as the engine room of the South African economy, with the main purpose of facilitating the raising of primary capital for listed companies while improving job opportunities and wealth creation by providing an orderly market for dealing in securities for investors.

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Nigel Firth
Nigel Frith trader
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.
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