Loblaw Companies Limited (TSE:L) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Loblaw Companies Limited (TSE:L) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$191.29.

A number of research analysts recently commented on L shares. Desjardins upped their price target on shares of Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday. BMO Capital Markets boosted their price objective on Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. CIBC increased their target price on Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday. Royal Bank of Canada lifted their price target on Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday, November 12th. Finally, National Bankshares upped their price objective on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday.

Loblaw Companies Price Performance

TSE:L opened at C$181.49 on Monday. The company has a market cap of C$55.43 billion, a P/E ratio of 27.50, a P/E/G ratio of 3.23 and a beta of 0.17. The firm’s fifty day moving average price is C$177.66 and its two-hundred day moving average price is C$168.24. Loblaw Companies has a one year low of C$116.81 and a one year high of C$188.77. 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 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 paid a $0.513 dividend. This represents a $2.05 annualized dividend and a dividend yield of 1.13%. Loblaw Companies’s dividend payout ratio (DPR) is currently 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.