TD Securities Cuts Loblaw Companies (TSE:L) Price Target to C$202.00

Loblaw Companies (TSE:L) had its price target cut by TD Securities from C$203.00 to C$202.00 in a report published on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

L has been the subject of several other reports. CIBC upped their price objective on shares of Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. BMO Capital Markets upped their price objective on shares of Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. Royal Bank of Canada upped their price objective on shares of Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday, November 12th. Desjardins upped their price objective 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. Finally, National Bankshares upped their target price on shares of Loblaw Companies from C$175.00 to C$188.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$191.29.

Loblaw Companies Price Performance

Shares of Loblaw Companies stock opened at C$181.49 on Thursday. Loblaw Companies has a 52-week low of C$116.81 and a 52-week high of C$188.77. The stock has a market capitalization of C$55.43 billion, a price-to-earnings ratio of 27.50, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. The company has a fifty day moving average of C$177.66 and a 200-day moving average of C$168.01. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.68 and a current ratio of 1.36.

Loblaw Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a yield of 1.13%. 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.