National Bankshares Raises Loblaw Companies (TSE:L) Price Target to C$149.00

Loblaw Companies (TSE:LFree Report) had its price target boosted by National Bankshares from C$142.00 to C$149.00 in a report published on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada lowered their price objective on shares of Loblaw Companies from C$174.00 to C$170.00 and set an outperform rating on the stock in a research report on Thursday, November 16th. CIBC reduced their price objective on shares of Loblaw Companies from C$152.00 to C$150.00 and set an outperform rating for the company in a research note on Thursday, November 16th. Finally, TD Securities upped their target price on shares of Loblaw Companies from C$140.00 to C$150.00 and gave the company a buy rating in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Loblaw Companies currently has a consensus rating of Moderate Buy and an average target price of C$145.86.

Check Out Our Latest Analysis on Loblaw Companies

Loblaw Companies Trading Down 0.5 %

Shares of Loblaw Companies stock traded down C$0.62 during trading on Tuesday, hitting C$133.55. The stock had a trading volume of 437,606 shares, compared to its average volume of 357,717. The stock has a 50 day simple moving average of C$125.63 and a 200 day simple moving average of C$119.82. The company has a market capitalization of C$42.25 billion, a PE ratio of 21.00, a P/E/G ratio of 1.66 and a beta of 0.12. The company has a quick ratio of 0.68, a current ratio of 1.26 and a debt-to-equity ratio of 154.39. Loblaw Companies has a 1 year low of C$110.52 and a 1 year high of C$136.55.

Loblaw Companies (TSE:LGet Free Report) last released its earnings results on Wednesday, November 15th. The company reported C$2.26 earnings per share for the quarter, topping the consensus estimate of C$2.23 by C$0.03. Loblaw Companies had a net margin of 3.54% and a return on equity of 18.60%. The business had revenue of C$18.27 billion for the quarter, compared to the consensus estimate of C$18.23 billion. On average, research analysts expect that Loblaw Companies will post 8.289604 EPS for the current fiscal year.

Loblaw Companies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, December 30th. Investors of record on Saturday, December 30th were paid a dividend of $0.446 per share. This represents a $1.78 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend was Thursday, December 14th. Loblaw Companies’s payout ratio is currently 27.86%.

Insider Buying and Selling at Loblaw Companies

In related news, Senior Officer Gregory Mark Ramier purchased 11,833 shares of Loblaw Companies stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of C$121.18 per share, for a total transaction of C$1,433,868.51. In related news, Senior Officer Gregory Mark Ramier purchased 11,833 shares of Loblaw Companies stock in a transaction that occurred on Monday, November 20th. The shares were acquired at an average price of C$121.18 per share, for a total transaction of C$1,433,868.51. Also, Senior Officer Jeffrey Francis Leger sold 8,140 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of C$123.50, for a total transaction of C$1,005,290.00. Insiders own 54.69% of the company’s stock.

About Loblaw Companies

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Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses 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.

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Analyst Recommendations for Loblaw Companies (TSE:L)

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