Loblaw Companies Limited (TSE:L) Given Average Rating of “Moderate Buy” by Brokerages

Loblaw Companies Limited (TSE:L) has been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$191.29.

L has been the topic of a number of recent research reports. CIBC boosted their price objective on Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday, November 14th. BMO Capital Markets upped their price target on Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. Royal Bank of Canada increased their price objective on shares of Loblaw Companies from C$183.00 to C$205.00 in a research report on Tuesday, November 12th. TD Securities reduced their target price on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Finally, National Bankshares raised their price target on shares of Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th.

Loblaw Companies Stock Performance

TSE L opened at C$178.29 on Monday. The business’s 50-day simple moving average is C$177.74 and its 200-day simple moving average is C$168.85. The firm has a market capitalization of C$54.45 billion, a P/E ratio of 27.01, a P/E/G 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 has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68.

Loblaw Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Sunday, December 15th will be issued a $0.513 dividend. This represents a $2.05 dividend on an annualized basis and a yield of 1.15%. Loblaw Companies’s dividend 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.