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

Shares of Loblaw Companies Limited (TSE:L) have been given an average recommendation of “Moderate Buy” by the six brokerages that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is C$191.29.

Several analysts have recently issued reports on L shares. TD Securities lowered their price target 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. BMO Capital Markets boosted their price target on shares of Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. CIBC boosted their price target on shares of Loblaw Companies from C$189.00 to C$206.00 in a research report on Thursday, November 14th. Desjardins boosted their price target on shares of Loblaw Companies from C$172.00 to C$190.00 in a research report on Thursday, November 14th. Finally, National Bankshares boosted their price target on shares of Loblaw Companies from C$188.00 to C$195.00 in a research report on Thursday, November 14th.

Loblaw Companies Stock Up 1.2 %

L opened at C$177.26 on Monday. The company’s 50-day moving average price is C$177.75 and its two-hundred day moving average price is C$168.72. Loblaw Companies has a twelve month low of C$116.81 and a twelve month high of C$188.77. The company has a quick ratio of 0.68, a current ratio of 1.36 and a debt-to-equity ratio of 163.32. The stock has a market cap of C$54.13 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 3.23 and a beta of 0.17.

Loblaw Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Sunday, December 15th will be issued a dividend of $0.513 per share. This represents a $2.05 dividend on an annualized basis and a yield of 1.16%. Loblaw Companies’s dividend payout ratio (DPR) is presently 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.