Brokerages Set Loblaw Companies Limited (TSE:L) Target Price at C$191.29

Loblaw Companies Limited (TSE:L - Get Free Report) has earned an average rating of "Moderate Buy" from the six brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$191.29.

L has been the topic of several analyst reports. Royal Bank of Canada increased their target price on Loblaw Companies from C$183.00 to C$205.00 in a research note on Tuesday, November 12th. BMO Capital Markets boosted their price objective on shares of Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. National Bankshares lifted their price target on shares of Loblaw Companies from C$188.00 to C$195.00 in a research report on Thursday. TD Securities lowered their price objective 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. Finally, Desjardins boosted their target price on Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday.

Loblaw Companies Trading Down 1.9 %

Shares of TSE L traded down C$3.51 during midday trading on Monday, hitting C$177.98. The stock had a trading volume of 367,055 shares, compared to its average volume of 356,066. The firm has a market cap of C$54.35 billion, a P/E ratio of 27.50, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. Loblaw Companies has a fifty-two week low of C$116.81 and a fifty-two week high of C$188.77. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. The company's 50-day simple moving average is C$177.66 and its 200 day simple moving average is C$168.24.

Loblaw Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Sunday, December 15th will be issued a $0.513 dividend. This represents a $2.05 dividend on an annualized basis and a yield of 1.15%. Loblaw Companies's dividend payout ratio is 31.06%.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.