Loblaw Companies Limited (TSE:L - Get Free Report)'s share price reached a new 52-week low on Monday following insider selling activity. The company traded as low as C$0.02 and last traded at C$186.80, with a volume of 375667 shares trading hands. The stock had previously closed at C$189.43.
Specifically, Director Willard Galen Garfield Weston sold 104,364 shares of Loblaw Companies stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of C$182.50, for a total value of C$19,046,690.91.
Analyst Ratings Changes
Several brokerages have commented on L. UBS Group dropped their price target on Loblaw Companies from C$225.00 to C$210.00 in a research report on Friday, February 21st. CIBC boosted their target price on shares of Loblaw Companies from C$206.00 to C$208.00 in a research report on Friday, February 21st. National Bankshares increased their price target on shares of Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. TD Securities dropped their price objective 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. Finally, Desjardins upped their price objective on shares of Loblaw Companies from C$172.00 to C$190.00 in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$199.38.
Read Our Latest Report on Loblaw Companies
Loblaw Companies Price Performance
The stock has a market cap of C$57.58 billion, a price-to-earnings ratio of 25.85, 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 1.29 and a debt-to-equity ratio of 166.11. The company's 50-day moving average is C$183.22 and its 200-day moving average is C$181.11.
Loblaw Companies Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st will be issued a $0.513 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.08%. Loblaw Companies's payout ratio is presently 27.83%.
Loblaw Companies Company Profile
(
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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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