Loblaw Companies (TSE:L) Stock Price Expected to Rise, TD Securities Analyst Says

Loblaw Companies (TSE:L) had its price target increased by TD Securities from C$186.00 to C$203.00 in a report released on Friday,BayStreet.CA reports. They currently have a buy rating on the stock.

A number of other analysts have also issued reports on the company. National Bankshares boosted their price target on Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. CIBC upped their target price on Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. Desjardins upped their price target on Loblaw Companies from C$157.00 to C$172.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. Finally, BMO Capital Markets upped their price target on Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Loblaw Companies presently has an average rating of “Moderate Buy” and a consensus target price of C$180.71.

Loblaw Companies Trading Down 0.2 %

Shares of L traded down C$0.33 during mid-day trading on Friday, reaching C$185.51. 334,800 shares of the company’s stock traded hands, compared to its average volume of 356,662. The stock has a market cap of C$56.65 billion, a P/E ratio of 28.11, a P/E/G ratio of 3.23 and a beta of 0.17. The stock’s 50-day moving average is C$176.88 and its two-hundred day moving average is C$166.89. Loblaw Companies has a 12 month low of C$116.81 and a 12 month high of C$187.41. 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 announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Tuesday, October 1st were given a $0.513 dividend. This represents a $2.05 annualized dividend and a dividend yield of 1.11%. The ex-dividend date of this dividend was Friday, September 13th. Loblaw Companies’s payout ratio is 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.