Loblaw Companies (TSE:L) Given New C$200.00 Price Target at BMO Capital Markets

Loblaw Companies (TSE:L - Free Report) had its price objective upped by BMO Capital Markets from C$180.00 to C$200.00 in a research report released on Monday morning,BayStreet.CA reports.

L has been the subject of several other reports. TD Securities decreased their target price on shares of Loblaw Companies from C$202.00 to C$195.00 and set a "buy" rating for the company in a research note on Friday, February 21st. Scotiabank upgraded shares of Loblaw Companies from a "sector perform" rating to an "outperform" rating and upped their price objective for the stock from C$190.00 to C$215.00 in a research report on Friday, April 11th. CIBC raised their target price on Loblaw Companies from C$206.00 to C$208.00 in a research report on Friday, February 21st. Royal Bank of Canada upped their price target on Loblaw Companies from C$215.00 to C$234.00 in a report on Monday, April 14th. Finally, National Bankshares increased their price target on Loblaw Companies from C$192.00 to C$207.00 in a research report on Thursday, April 10th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, Loblaw Companies has an average rating of "Moderate Buy" and a consensus target price of C$207.38.

Loblaw Companies Stock Performance

Loblaw Companies stock traded up C$0.13 during midday trading on Monday, hitting C$215.73. 48,959 shares of the company were exchanged, compared to its average volume of 428,546. The business has a fifty day simple moving average of C$194.90 and a two-hundred day simple moving average of C$187.01. The company has a debt-to-equity ratio of 166.11, a quick ratio of 0.68 and a current ratio of 1.29. The firm has a market capitalization of C$65.23 billion, a PE ratio of 29.28, 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$146.49 and a fifty-two week high of C$218.99.

Loblaw Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st were given a $0.513 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, March 14th. Loblaw Companies's dividend payout ratio (DPR) is 27.83%.

Insider Transactions at Loblaw Companies

In related news, Senior Officer Kieran Barry Columb sold 11,309 shares of the firm's stock in a transaction dated 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. Also, Director Richard Dufresne sold 25,783 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$186.55, for a total transaction of C$4,809,847.01. Over the last three months, insiders have sold 141,456 shares of company stock valued at $25,966,244. Corporate insiders own 53.77% of the company's stock.

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.