Shares of Loblaw Companies Limited (TSE:L - Get Free Report) have earned an average rating of "Moderate Buy" from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$201.88.
A number of brokerages recently issued reports on L. Royal Bank of Canada boosted their price objective 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. CIBC upped their price target on shares of Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday, November 14th. Desjardins lifted their price objective on shares of Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday, November 14th. UBS Group set a C$225.00 target price on Loblaw Companies and gave the stock a "buy" rating in a research report on Friday, December 13th. Finally, Scotiabank lowered Loblaw Companies from an "outperform" rating to a "sector perform" rating and set a C$200.00 price target for the company. in a report on Wednesday, January 8th.
View Our Latest Stock Report on L
Insider Activity
In other Loblaw Companies news, Director Christie James Beckett Clark sold 2,105 shares of the firm's stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of C$189.69, for a total value of C$399,297.45. 53.77% of the stock is currently owned by corporate insiders.
Loblaw Companies Stock Performance
L traded down C$0.77 during trading on Friday, hitting C$181.98. 444,134 shares of the company traded hands, compared to its average volume of 297,800. The firm has a market cap of C$55.57 billion, a P/E ratio of 27.57, a price-to-earnings-growth 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 has a one year low of C$132.55 and a one year high of C$196.49. The stock's fifty day moving average is C$186.79 and its 200 day moving average is C$178.83.
Loblaw Companies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 30th were given a dividend of $0.513 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.05 annualized dividend and a yield of 1.13%. Loblaw Companies's payout ratio is 31.06%.
About Loblaw Companies
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Get Free ReportLoblaw 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.
Further Reading
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