Loblaw Companies (TSE:L) Price Target Raised to C$156.00

Loblaw Companies (TSE:L) had its target price increased by National Bankshares from C$153.00 to C$156.00 in a report published on Monday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on L. CIBC dropped their price objective on Loblaw Companies from C$150.00 to C$149.00 and set an outperform rating on the stock in a report on Friday, February 23rd. Royal Bank of Canada boosted their price target on Loblaw Companies from C$170.00 to C$172.00 and gave the company an outperform rating in a report on Wednesday, January 24th. BMO Capital Markets boosted their price target on Loblaw Companies from C$130.00 to C$145.00 in a report on Friday, February 23rd. Scotiabank boosted their price target on Loblaw Companies from C$137.00 to C$146.00 and gave the company a sector perform rating in a report on Friday, February 23rd. Finally, TD Securities boosted their price target on Loblaw Companies from C$150.00 to C$160.00 and gave the company a buy rating in a report on Friday, February 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Loblaw Companies presently has an average rating of Moderate Buy and a consensus price target of C$153.71.

Loblaw Companies Stock Performance

TSE L opened at C$148.23 on Monday. The firm has a market capitalization of C$45.84 billion, a P/E ratio of 22.73, a P/E/G ratio of 2.53 and a beta of 0.12. Loblaw Companies has a 1-year low of C$110.52 and a 1-year high of C$154.70. The company has a debt-to-equity ratio of 156.41, a current ratio of 1.25 and a quick ratio of 0.68. The business’s 50-day simple moving average is C$146.32 and its 200-day simple moving average is C$131.26.

Loblaw Companies (TSE:L) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$2.00 earnings per share for the quarter, beating the consensus estimate of C$1.92 by C$0.08. The business had revenue of C$14.53 billion for the quarter, compared to analyst estimates of C$14.58 billion. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%. Equities analysts predict that Loblaw Companies will post 8.4881297 EPS for the current year.

Loblaw Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were paid a $0.446 dividend. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date of this dividend was Thursday, March 14th. Loblaw Companies’s dividend payout ratio is presently 27.30%.

Insider Transactions at Loblaw Companies

In other news, Senior Officer Robert Wayne Wiebe sold 16,583 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$150.00, for a total value of C$2,487,450.00. In other news, Senior Officer Kieran Barry Columb sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$150.00, for a total transaction of C$1,500,000.00. Also, Senior Officer Robert Wayne Wiebe sold 16,583 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of C$150.00, for a total value of C$2,487,450.00. In the last 90 days, insiders have sold 71,495 shares of company stock valued at $10,547,163. Corporate insiders own 52.69% 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.