Loblaw Companies (TSE:L) Price Target Lowered to C$195.00 at TD Securities

Loblaw Companies (TSE:L) had its target price lowered by TD Securities from C$202.00 to C$195.00 in a research note published on Friday morning,BayStreet.CA reports.

A number of other brokerages also recently issued reports on L. UBS Group set a C$225.00 price objective on shares of Loblaw Companies and gave the stock a “buy” rating in a research note on Friday, December 13th. National Bankshares increased their price objective on shares of Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday, November 14th. Desjardins increased their price objective on shares of Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday, November 14th. Scotiabank downgraded 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 note on Wednesday, January 8th. Finally, CIBC raised their price target on shares of Loblaw Companies from C$189.00 to C$206.00 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$199.38.

Loblaw Companies Trading Up 0.7 %

Shares of Loblaw Companies stock opened at C$175.89 on Friday. The company has a market capitalization of C$53.18 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 3.23 and a beta of 0.17. The company has a quick ratio of 0.68, a current ratio of 1.29 and a debt-to-equity ratio of 166.11. Loblaw Companies has a 12-month low of C$138.13 and a 12-month high of C$196.49. The firm’s 50-day moving average price is C$184.16 and its two-hundred day moving average price is C$180.03.

Loblaw Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 30th were paid a $0.513 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.17%. Loblaw Companies’s payout ratio is currently 27.83%.

Insider Activity

In related news, Director Christie James Beckett Clark sold 2,105 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of C$189.69, for a total value of C$399,297.45. 53.77% of the stock is currently owned by corporate insiders.

About Loblaw Companies

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.