Loblaw Companies Limited (TSE:L - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$177.99 and traded as high as C$187.59. Loblaw Companies shares last traded at C$187.16, with a volume of 307,529 shares.
Analyst Ratings Changes
L has been the topic of a number of recent research reports. TD Securities lowered their price objective on Loblaw Companies from C$203.00 to C$202.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th. Scotiabank cut shares of Loblaw Companies from an "outperform" rating to a "sector perform" rating and set a C$200.00 price target on the stock. in a research report on Wednesday, January 8th. UBS Group set a C$225.00 target price on shares of Loblaw Companies and gave the stock a "buy" rating in a research note on Friday, December 13th. CIBC increased their price target on shares of Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday, November 14th. Finally, Desjardins lifted their price target 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. Based on data from MarketBeat.com, Loblaw Companies presently has an average rating of "Moderate Buy" and a consensus target price of C$201.88.
Check Out Our Latest Stock Report on L
Loblaw Companies Stock Down 0.3 %
The firm has a market capitalization of C$56.97 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 3.23 and a beta of 0.17. The business's fifty day moving average price is C$186.05 and its 200 day moving average price is C$178.05. The company has a current ratio of 1.36, a quick ratio of 0.68 and a debt-to-equity ratio of 163.32.
Loblaw Companies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 30th were issued a $0.513 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Friday, December 13th. Loblaw Companies's payout ratio is currently 31.06%.
Insider Buying and Selling at Loblaw Companies
In other news, Director Christie James Beckett Clark sold 2,105 shares of the stock in a transaction that occurred on Wednesday, December 18th. The stock was 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 corporate 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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