TD Securities Issues Positive Forecast for Loblaw Companies (TSE:L) Stock Price

Loblaw Companies (TSE:L) had its price target increased by TD Securities from C$186.00 to C$203.00 in a research report report published on Friday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

L has been the topic of several other research reports. National Bankshares raised their price target on shares of Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. BMO Capital Markets upped their price objective on Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. 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. Finally, Desjardins upped their price target 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$180.71.

Loblaw Companies Stock Performance

Shares of L opened at C$186.00 on Friday. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. The stock has a 50-day moving average of C$176.88 and a 200-day moving average of C$167.13. The company has a market cap of C$56.80 billion, a PE ratio of 28.11, a P/E/G ratio of 3.23 and a beta of 0.17. Loblaw Companies has a one year low of C$116.81 and a one year high of C$188.77.

Loblaw Companies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st were given a dividend of $0.513 per share. The ex-dividend date was Friday, September 13th. This represents a $2.05 annualized dividend and a yield of 1.10%. 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.