Loblaw Companies (TSE:L) PT Raised to C$188.00

Loblaw Companies (TSE:L - Free Report) had its price objective hoisted by National Bankshares from C$175.00 to C$188.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the company. CIBC raised their target price on Loblaw Companies from C$171.00 to C$189.00 in a research report on Friday, July 26th. TD Securities raised their target price on Loblaw Companies from C$172.00 to C$186.00 and gave the stock a "buy" rating in a research report on Monday, July 22nd. Desjardins lifted their price objective on Loblaw Companies from C$157.00 to C$172.00 and gave the company a "hold" rating in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets lifted their price objective on Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$178.29.

Loblaw Companies Stock Up 0.1 %

Shares of TSE:L traded up C$0.22 on Thursday, hitting C$177.33. 268,706 shares of the company traded hands, compared to its average volume of 363,206. Loblaw Companies has a 52 week low of C$110.52 and a 52 week high of C$182.19. The company has a quick ratio of 0.68, a current ratio of 1.36 and a debt-to-equity ratio of 163.32. The stock has a 50 day simple moving average of C$174.35 and a 200-day simple moving average of C$163.68. The company has a market cap of C$54.15 billion, a PE ratio of 26.80, a PEG ratio of 3.23 and a beta of 0.17.

Loblaw Companies (TSE:L - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The company reported C$2.15 earnings per share for the quarter, beating the consensus estimate of C$2.14 by C$0.01. Loblaw Companies had a return on equity of 19.22% and a net margin of 3.46%. The firm had revenue of C$13.95 billion during the quarter, compared to the consensus estimate of C$14.07 billion. As a group, research analysts expect that Loblaw Companies will post 9.1225541 earnings per share for the current year.

Loblaw Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were issued a $0.513 dividend. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, September 13th. Loblaw Companies's dividend payout ratio (DPR) is 31.06%.

Insider Transactions at Loblaw Companies

In related news, Director Willard Galen Garfield Weston sold 296 shares of the firm's stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$165.15, for a total transaction of C$48,884.02. In other Loblaw Companies news, Senior Officer Nicholas Henn sold 164 shares of Loblaw Companies stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$165.15, for a total transaction of C$27,084.39. Also, Director Willard Galen Garfield Weston sold 296 shares of Loblaw Companies stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$165.15, for a total value of C$48,884.02. Company insiders own 53.77% of the company's stock.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.