Analysts Set Loblaw Companies Limited (TSE:L) PT at C$193.00

Shares of Loblaw Companies Limited (TSE:L) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$197.00.

Several brokerages recently issued reports on L. Desjardins lifted their price objective on shares of Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday, November 14th. TD Securities reduced their price target on Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. CIBC raised their price objective on Loblaw Companies from C$189.00 to C$206.00 in a research report on Thursday, November 14th. National Bankshares boosted their target price on shares of Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. Finally, Royal Bank of Canada increased their target price on shares of 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.

Loblaw Companies Stock Performance

L stock opened at C$193.97 on Friday. Loblaw Companies has a 1-year low of C$118.02 and a 1-year high of C$196.49. The business has a 50-day moving average price of C$181.03 and a 200 day moving average price of C$172.35. The company has a market capitalization of C$59.24 billion, a P/E ratio of 29.39, a PEG ratio of 3.23 and a beta of 0.17. 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 firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 30th will be given a dividend of $0.513 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.05 dividend on an annualized basis and a yield of 1.06%. Loblaw Companies’s dividend payout ratio is currently 31.06%.

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.