Loblaw Companies Limited (TSE:L - Get Free Report) Senior Officer Kieran Barry Columb sold 11,309 shares of Loblaw Companies stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$186.55, for a total transaction of C$2,109,706.39.
Loblaw Companies Trading Up 1.2 %
Shares of L stock traded up C$2.20 during trading hours on Friday, reaching C$192.63. 399,529 shares of the stock were exchanged, compared to its average volume of 388,643. Loblaw Companies Limited has a 12-month low of C$145.80 and a 12-month high of C$196.49. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt-to-equity ratio of 166.11. The company's 50-day moving average price is C$183.25 and its 200-day moving average price is C$181.19. The firm has a market capitalization of C$58.24 billion, a price-to-earnings ratio of 26.15, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17.
Loblaw Companies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, April 1st will be paid 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%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on L. National Bankshares boosted their target price on shares of Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. CIBC boosted their target price on shares of Loblaw Companies from C$206.00 to C$208.00 in a report on Friday, February 21st. TD Securities reduced their target price on shares of Loblaw Companies from C$202.00 to C$195.00 and set a "buy" rating on the stock in a report on Friday, February 21st. UBS Group reduced their target price on shares of Loblaw Companies from C$225.00 to C$210.00 in a report on Friday, February 21st. Finally, Royal Bank of Canada boosted their target price on shares of Loblaw Companies from C$205.00 to C$217.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Two investment 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 has a consensus rating of "Moderate Buy" and an average target price of C$199.38.
Check Out Our Latest Analysis on L
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.
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