Loblaw Companies (TSE:L) Given a C$225.00 Price Target at UBS Group

UBS Group set a C$225.00 price target on Loblaw Companies (TSE:L) in a report published on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities analysts have also weighed in on the company. Desjardins lifted their price target on Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday, November 14th. Royal Bank of Canada increased their price objective on Loblaw Companies from C$205.00 to C$217.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. CIBC raised their target price on shares of Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday, November 14th. National Bankshares lifted their price target on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. Finally, TD Securities decreased their price objective on Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating on the stock in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$197.00.

Loblaw Companies Price Performance

Shares of TSE L opened at C$193.97 on Friday. The firm’s 50 day simple moving average is C$181.03 and its 200-day simple moving average is C$172.35. Loblaw Companies has a 12 month low of C$118.02 and a 12 month high of C$196.49. The stock has a market capitalization of C$59.24 billion, a price-to-earnings 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 Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 30th will be issued a dividend of $0.513 per share. This represents a $2.05 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date is Friday, December 13th. Loblaw Companies’s dividend payout ratio (DPR) is 31.06%.

Loblaw Companies Company Profile

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.