Loblaw Companies (TSE:L) Given a C$225.00 Price Target by UBS Group Analysts

UBS Group set a C$225.00 target price on Loblaw Companies (TSE:L - Free Report) in a research note released on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

L has been the subject of several other research reports. TD Securities dropped 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 report on Thursday, November 14th. Royal Bank of Canada increased their price target on shares of 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. National Bankshares increased their price target on shares of Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday, November 14th. CIBC increased their price target on shares of Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday, November 14th. Finally, Desjardins increased their price target on shares of Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$197.00.

Loblaw Companies Price Performance

TSE:L traded down C$0.43 during mid-day trading on Friday, hitting C$193.97. The company's stock had a trading volume of 316,489 shares, compared to its average volume of 356,287. Loblaw Companies has a fifty-two week low of C$118.02 and a fifty-two week high of C$196.49. The company has a current ratio of 1.36, a quick ratio of 0.68 and a debt-to-equity ratio of 163.32. The company has a market capitalization of C$59.24 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 3.23 and a beta of 0.17. The stock has a fifty day moving average of C$181.03 and a 200-day moving average of C$172.22.

Loblaw Companies Dividend Announcement

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

About Loblaw Companies

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.