Loblaw Companies Limited (TSE:L) Director Christie James Beckett Clark Sells 2,105 Shares of Stock

Loblaw Companies Limited (TSE:L) Director Christie James Beckett Clark sold 2,105 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$189.69, for a total value of C$399,297.45.

Loblaw Companies Stock Performance

TSE:L opened at C$190.91 on Thursday. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. The firm has a market cap of C$58.30 billion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. The firm’s fifty day moving average price is C$182.05 and its 200 day moving average price is C$173.11. Loblaw Companies Limited has a 1-year low of C$119.99 and a 1-year high of C$196.49.

Loblaw Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 30th will be issued a $0.513 dividend. This represents a $2.05 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, December 13th. Loblaw Companies’s payout ratio is 31.06%.

Analyst Upgrades and Downgrades

L has been the subject of a number of research analyst reports. Royal Bank of Canada upped their target price on Loblaw Companies from C$205.00 to C$217.00 and gave the company an “outperform” rating in a research report on Monday, December 9th. CIBC increased their price objective on Loblaw Companies from C$189.00 to C$206.00 in a report on Thursday, November 14th. UBS Group set a C$225.00 target price on shares of Loblaw Companies and gave the company a “buy” rating in a report on Friday, December 13th. TD Securities decreased 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 note on Thursday, November 14th. Finally, Desjardins lifted their price objective on shares of Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$197.00.

About Loblaw Companies

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart.