Loblaw Companies Limited (TSE:L) Receives C$191.29 Consensus PT from Analysts

Loblaw Companies Limited (TSE:L) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$191.29.

A number of analysts have weighed in on the stock. TD Securities cut 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. National Bankshares raised their price objective on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. Desjardins increased their target price on Loblaw Companies from C$172.00 to C$190.00 in a research report on Thursday, November 14th. Royal Bank of Canada boosted their price target on Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday, November 12th. Finally, CIBC raised their price objective on shares of Loblaw Companies from C$189.00 to C$206.00 in a report on Thursday, November 14th.

Loblaw Companies Stock Up 0.1 %

Shares of TSE L opened at C$178.29 on Monday. The stock has a 50-day moving average price of C$177.74 and a two-hundred day moving average price of C$169.05. Loblaw Companies has a 12 month low of C$116.81 and a 12 month high of C$188.77. 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 company has a market cap of C$54.45 billion, a price-to-earnings ratio of 27.01, a PEG ratio of 3.23 and a beta of 0.17.

Loblaw Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Sunday, December 15th will be issued a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a yield of 1.15%. Loblaw Companies’s payout ratio is 31.06%.

About Loblaw Companies

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.