Analysts Set Loblaw Companies Limited (TSE:L) Price Target at C$197.00

Shares of Loblaw Companies Limited (TSE:L) have received a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$201.88.

L has been the topic of a number of analyst reports. Scotiabank cut 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. National Bankshares raised their price target on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. Royal Bank of Canada upped their price target on shares of Loblaw Companies from C$205.00 to C$217.00 and gave the stock an “outperform” rating in a research note on Monday, December 9th. UBS Group set a C$225.00 target price on shares of Loblaw Companies and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, CIBC boosted their price objective on shares of Loblaw Companies from C$189.00 to C$206.00 in a report on Thursday, November 14th.

Loblaw Companies Trading Down 0.9 %

TSE:L opened at C$182.93 on Tuesday. The firm has a market capitalization of C$55.86 billion, a P/E ratio of 27.72, 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 has a one year low of C$127.17 and a one year high of C$196.49. The company’s 50-day simple moving average is C$186.47 and its 200 day simple moving average is C$176.71.

Loblaw Companies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 30th were given a dividend of $0.513 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.05 dividend on an annualized basis and a yield of 1.12%. Loblaw Companies’s dividend payout ratio (DPR) is 31.06%.

Insiders Place Their Bets

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 transaction of C$399,297.45. 53.77% of the stock is currently owned by insiders.

Loblaw Companies Company Profile

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.