Loblaw Companies (TSE:L) Price Target Raised to C$217.00

by · The Markets Daily

Loblaw Companies (TSE:L – Free Report) had its target price raised by Royal Bank of Canada from C$205.00 to C$217.00 in a report released on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities analysts have also issued reports on the company. CIBC raised their price target on Loblaw Companies from C$189.00 to C$206.00 in a research report on Thursday, November 14th. National Bankshares lifted their target price on shares of Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday, November 14th. TD Securities dropped their price target on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. Finally, Desjardins boosted their price objective on shares of Loblaw Companies from C$172.00 to C$190.00 in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$193.00.

View Our Latest Analysis on L

Loblaw Companies Stock Performance

Loblaw Companies stock opened at C$192.96 on Monday. The firm has a fifty day simple moving average of C$179.87 and a two-hundred day simple moving average of C$171.54. Loblaw Companies has a twelve month low of C$118.02 and a twelve month high of C$194.21. The company has a market capitalization of C$58.93 billion, a PE ratio of 29.06, a P/E/G ratio of 3.23 and a beta of 0.17. The company has a quick ratio of 0.68, a current ratio of 1.36 and a debt-to-equity ratio of 163.32.

Loblaw Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 30th will be paid a $0.513 dividend. This represents a $2.05 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend is Friday, December 13th. Loblaw Companies’s payout ratio is currently 31.06%.

About Loblaw Companies

(Get Free Report)

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart.

Featured Articles