Loblaw Companies (TSE:L) Price Target Cut to C$202.00 by Analysts at TD Securities

Loblaw Companies (TSE:L) had its target price trimmed by TD Securities from C$203.00 to C$202.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also commented on the stock. National Bankshares increased their price target on shares of Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. CIBC increased their price target on shares of Loblaw Companies from C$171.00 to C$189.00 in a research note on Friday, July 26th. Royal Bank of Canada increased their price target on shares of Loblaw Companies from C$183.00 to C$205.00 in a research note on Tuesday. Desjardins increased their price target on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Finally, BMO Capital Markets increased their price target on shares of Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$191.29.

Loblaw Companies Stock Up 0.2 %

Shares of L stock traded up C$0.37 during trading hours on Thursday, reaching C$181.00. 114,403 shares of the stock were exchanged, compared to its average volume of 354,913. The business’s fifty day moving average is C$177.55 and its two-hundred day moving average is C$167.91. 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 12-month low of C$116.81 and a 12-month high of C$188.77. The firm has a market capitalization of C$55.28 billion, a P/E ratio of 27.26, a P/E/G ratio of 3.23 and a beta of 0.17.

Loblaw Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Sunday, December 15th will be issued a $0.513 dividend. This represents a $2.05 annualized dividend and a dividend yield of 1.13%. Loblaw Companies’s payout ratio is currently 31.06%.

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.