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$173.97 and traded as high as C$191.53. Loblaw Companies shares last traded at C$191.07, with a volume of 51,189 shares changing hands.
Wall Street Analyst Weigh In
Several research analysts have commented on L shares. Royal Bank of Canada raised 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. CIBC boosted their target price on shares of Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday, November 14th. UBS Group set a C$225.00 price objective on Loblaw Companies and gave the stock a "buy" rating in a research report on Friday, December 13th. TD Securities reduced their price target on shares of Loblaw Companies from C$203.00 to C$202.00 and set a "buy" rating for the company in a research report on Thursday, November 14th. Finally, Desjardins upped their price objective on shares of Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$197.00.
Get Our Latest Stock Report on L
Loblaw Companies Stock Down 0.4 %
The business's 50 day moving average price is C$183.44 and its 200-day moving average price is C$174.18. The company has a market cap of C$58.35 billion, a P/E ratio of 28.95, 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 Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 30th will be issued a $0.513 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Friday, December 13th. Loblaw Companies's dividend payout ratio is currently 31.06%.
Insider Activity
In other Loblaw Companies news, Director Christie James Beckett Clark sold 2,105 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$189.69, for a total value of C$399,297.45. Insiders own 53.77% of the company's stock.
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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