Loblaw Companies Limited (TSE:L - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$177.14 and traded as high as C$178.64. Loblaw Companies shares last traded at C$177.62, with a volume of 310,818 shares changing hands.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. UBS Group set a C$225.00 price objective on Loblaw Companies and gave the stock a "buy" rating in a research note on Friday, December 13th. Scotiabank lowered Loblaw Companies from an "outperform" rating to a "sector perform" rating and set a C$200.00 price target for the company. in a research report on Wednesday, January 8th. CIBC boosted their price objective on Loblaw Companies from C$189.00 to C$206.00 in a report on Thursday, November 14th. TD Securities decreased their target price 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. Finally, National Bankshares boosted their price target on shares of Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Loblaw Companies currently has a consensus rating of "Moderate Buy" and an average target price of C$201.88.
Read Our Latest Stock Report on L
Loblaw Companies Stock Performance
The firm's fifty day moving average is C$186.33 and its 200 day moving average is C$177.27. The firm has a market capitalization of C$54.89 billion, a price-to-earnings ratio of 27.23, a PEG ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68.
Loblaw Companies Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 30th were paid a dividend of $0.513 per share. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, December 13th. Loblaw Companies's dividend payout ratio (DPR) is currently 31.06%.
Insider Transactions at Loblaw Companies
In related news, Director Christie James Beckett Clark sold 2,105 shares of the firm's stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$189.69, for a total transaction of C$399,297.45. 53.77% of the stock is currently owned by company insiders.
About Loblaw Companies
(
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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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