Loblaw Companies (TSE:L) Stock Price Expected to Rise, National Bankshares Analyst Says

Loblaw Companies (TSE:L) had its price objective raised by National Bankshares from C$188.00 to C$195.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Several other analysts have also issued reports on the stock. TD Securities cut their price target on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a research report on Thursday. CIBC raised their target price on shares of Loblaw Companies from C$171.00 to C$189.00 in a research note on Friday, July 26th. Desjardins raised 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 report on Tuesday, July 23rd. Royal Bank of Canada raised their price target on shares of Loblaw Companies from C$183.00 to C$205.00 in a research report on Tuesday, November 12th. Finally, BMO Capital Markets raised their target price on shares of Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. Two 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$191.29.

Loblaw Companies Trading Up 0.5 %

Shares of L stock opened at C$181.49 on Thursday. The stock has a market capitalization of C$55.43 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 3.23 and a beta of 0.17. Loblaw Companies has a 1 year low of C$116.81 and a 1 year high of C$188.77. The company’s fifty day simple moving average is C$177.66 and its two-hundred day simple moving average is C$168.01. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Sunday, December 15th will be given a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a 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.