Loblaw Companies Limited (TSE:L) Receives C$193.00 Consensus Target Price from Analysts

Shares of Loblaw Companies Limited (TSE:L) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$197.00.

A number of analysts have recently issued reports on the stock. CIBC raised their price target on shares of Loblaw Companies from C$189.00 to C$206.00 in a report on Thursday, November 14th. TD Securities dropped their target price on shares of 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. Desjardins boosted their target price on shares of Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday, November 14th. National Bankshares boosted their price target on Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday, November 14th. Finally, UBS Group set a C$225.00 price objective on shares of Loblaw Companies and gave the stock a “buy” rating in a research note on Friday.

Loblaw Companies Stock Performance

Shares of Loblaw Companies 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 firm’s 50-day moving average is C$181.03 and its 200 day moving average is C$172.35. The stock has a market cap 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 business also recently declared 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. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.05 annualized dividend and a yield of 1.06%. Loblaw Companies’s payout ratio is presently 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.