Loblaw Companies Limited (TSE:L - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.
Wall Street Analysts Forecast Growth
L has been the subject of a number of recent research reports. Royal Bank of Canada boosted their price objective 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. National Bankshares upped their price target on shares of Loblaw Companies from C$188.00 to C$195.00 in a research report on Thursday, November 14th. CIBC boosted their target price on Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday, November 14th. Desjardins increased their target price on Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday, November 14th. Finally, Scotiabank downgraded Loblaw Companies from an "outperform" rating to a "sector perform" rating and set a C$200.00 price objective for the company. in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$201.88.
Read Our Latest Stock Analysis on L
Loblaw Companies Stock Performance
The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.68 and a current ratio of 1.36. The stock has a market capitalization of C$55.13 billion, a P/E ratio of 27.35, a PEG ratio of 3.23 and a beta of 0.17. The business has a 50-day moving average price of C$186.45 and a 200 day moving average price of C$177.14.
Loblaw Companies Announces Dividend
The company also recently disclosed 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. The ex-dividend date was Friday, December 13th. This represents a $2.05 dividend on an annualized basis and a yield of 1.14%. Loblaw Companies's dividend payout ratio is currently 31.06%.
Insider Activity at Loblaw Companies
In other Loblaw Companies news, Director Christie James Beckett Clark sold 2,105 shares of the business's 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. 53.77% of the stock is owned by 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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