Loblaw Companies (TSE:L) Price Target Raised to C$188.00

Loblaw Companies (TSE:L) had its price target boosted by National Bankshares from C$175.00 to C$188.00 in a research report report published on Thursday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

L has been the topic of a number of other research reports. BMO Capital Markets boosted their price objective on shares of Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. TD Securities boosted their price target on shares of Loblaw Companies from C$172.00 to C$186.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Desjardins raised their price objective on Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Finally, CIBC upped their target price on Loblaw Companies from C$171.00 to C$189.00 in a report 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. According to data from MarketBeat.com, Loblaw Companies currently has an average rating of “Moderate Buy” and a consensus target price of C$178.29.

Loblaw Companies Trading Down 0.1 %

Shares of TSE L opened at C$177.23 on Thursday. The company has a quick ratio of 0.68, a current ratio of 1.36 and a debt-to-equity ratio of 163.32. Loblaw Companies has a twelve month low of C$110.52 and a twelve month high of C$182.19. The company’s fifty day moving average is C$174.90 and its 200-day moving average is C$163.96. The stock has a market cap of C$54.12 billion, a price-to-earnings ratio of 26.85, a P/E/G ratio of 3.23 and a beta of 0.17.

Loblaw Companies (TSE:L) last issued its quarterly earnings data on Thursday, July 25th. The company reported C$2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.14 by C$0.01. The business had revenue of C$13.95 billion during the quarter, compared to analyst estimates of C$14.07 billion. Loblaw Companies had a return on equity of 19.22% and a net margin of 3.46%. Equities research analysts predict that Loblaw Companies will post 9.1225541 EPS for the current year.

Loblaw Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were paid a $0.513 dividend. This represents a $2.05 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Friday, September 13th. Loblaw Companies’s dividend payout ratio (DPR) is currently 31.06%.

Insider Buying and Selling at Loblaw Companies

In related news, Director Willard Galen Garfield Weston sold 296 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of C$165.15, for a total transaction of C$48,884.02. In other Loblaw Companies news, Director Willard Galen Garfield Weston sold 296 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$165.15, for a total transaction of C$48,884.02. Also, Senior Officer Nicholas Henn sold 164 shares of Loblaw Companies stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of C$165.15, for a total value of C$27,084.39. Insiders own 53.77% 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.