Loblaw Companies (TSE:L) Price Target Raised to C$195.00 at National Bankshares

Loblaw Companies (TSE:L) had its price target lifted by National Bankshares from C$188.00 to C$195.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada boosted their target price on shares of Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday. Desjardins boosted their target price on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. CIBC boosted their target price on shares of Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. BMO Capital Markets boosted their target price on shares of Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. Finally, TD Securities lowered 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 report on Thursday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$191.29.

Loblaw Companies Stock Performance

TSE L traded up C$0.37 during trading hours on Thursday, hitting C$181.00. 114,403 shares of the company’s stock traded hands, compared to its average volume of 354,913. The business’s fifty day moving average price is C$177.55 and its two-hundred day moving average price is C$167.91. The company has a current ratio of 1.36, a quick ratio of 0.68 and a debt-to-equity ratio of 163.32. The firm has a market capitalization of C$55.28 billion, a P/E ratio of 27.26, a P/E/G ratio of 3.23 and a beta of 0.17. Loblaw Companies has a 52 week low of C$116.81 and a 52 week high of C$188.77.

Loblaw Companies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Sunday, December 15th will be issued a $0.513 dividend. This represents a $2.05 annualized dividend and a yield of 1.13%. Loblaw Companies’s payout ratio is presently 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.