Loblaw Companies (TSE:L) Price Target Increased to C$148.27 by Analysts at Scotiabank

Loblaw Companies (TSE:L) had its target price lifted by Scotiabank from C$146.00 to C$148.27 in a research report report published on Monday morning, BayStreet.CA reports. Scotiabank currently has a sector perform rating on the stock.

A number of other equities research analysts also recently weighed in on L. Desjardins raised their target price on shares of Loblaw Companies from C$133.00 to C$148.00 and gave the company a buy rating in a research note on Friday, February 23rd. Royal Bank of Canada lifted their price target on shares of Loblaw Companies from C$170.00 to C$172.00 and gave the stock an outperform rating in a research note on Wednesday, January 24th. TD Securities lifted their price target on shares of Loblaw Companies from C$150.00 to C$160.00 and gave the stock a buy rating in a research note on Friday, February 23rd. CIBC cut their target price on shares of 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. Finally, National Bankshares raised their target price on shares of Loblaw Companies from C$153.00 to C$156.00 and gave the stock an outperform rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of C$154.04.

Loblaw Companies Price Performance

Shares of TSE:L opened at C$152.27 on Monday. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 156.41. The firm has a market capitalization of C$47.09 billion, a PE ratio of 23.35, a P/E/G ratio of 2.53 and a beta of 0.12. Loblaw Companies has a twelve month low of C$110.52 and a twelve month high of C$154.70. The company has a 50-day moving average price of C$147.62 and a two-hundred day moving average price of C$132.30.

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

Loblaw Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were given a $0.446 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Thursday, March 14th. Loblaw Companies’s dividend payout ratio is presently 27.30%.

Insider Transactions at Loblaw Companies

In other Loblaw Companies news, Senior Officer Kieran Barry Columb sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$150.00, for a total value of C$1,500,000.00. In other Loblaw Companies news, Senior Officer Kieran Barry Columb sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of C$150.00, for a total value of C$1,500,000.00. Also, Senior Officer Frank Gambioli sold 4,603 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total value of C$662,832.00. Insiders sold a total of 71,495 shares of company stock valued at $10,547,163 in the last quarter. 52.69% of the stock is owned by insiders.

About Loblaw Companies

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.