Loblaw Companies Limited (TSE:L - Get Free Report) Director Richard Dufresne sold 25,783 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$186.55, for a total transaction of C$4,809,847.01.
Loblaw Companies Trading Up 1.2 %
Shares of TSE:L traded up C$2.20 during midday trading on Friday, hitting C$192.63. 399,529 shares of the stock traded hands, compared to its average volume of 388,643. The company has a quick ratio of 0.68, a current ratio of 1.29 and a debt-to-equity ratio of 166.11. The business's 50 day moving average is C$183.25 and its two-hundred day moving average is C$181.19. The stock has a market capitalization of C$58.24 billion, a PE ratio of 26.15, a P/E/G ratio of 3.23 and a beta of 0.17. Loblaw Companies Limited has a one year low of C$145.80 and a one year high of C$196.49.
Loblaw Companies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be issued a dividend of $0.513 per share. The ex-dividend date is Friday, March 14th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.07%. Loblaw Companies's dividend payout ratio is presently 27.83%.
Analysts Set New Price Targets
Several equities research analysts have issued reports on the stock. TD Securities dropped their target price on shares of Loblaw Companies from C$202.00 to C$195.00 and set a "buy" rating for the company in a research report on Friday, February 21st. Desjardins lifted their price objective on shares of Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday, November 14th. Royal Bank of Canada increased their target price on Loblaw Companies from C$205.00 to C$217.00 and gave the company an "outperform" rating in a research note on Monday, December 9th. UBS Group lowered their price target on Loblaw Companies from C$225.00 to C$210.00 in a research report on Friday, February 21st. Finally, National Bankshares upped their price objective on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$199.38.
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About Loblaw Companies
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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.
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