Loblaw Companies (TSE:L) Price Target Raised to C$206.00

Loblaw Companies (TSE:L) had its price target lifted by CIBC from C$189.00 to C$206.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Several other equities analysts have also recently weighed in on L. BMO Capital Markets lifted their target price on Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. Royal Bank of Canada raised their target price on Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday, November 12th. TD Securities decreased their price objective on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a report on Thursday. Desjardins raised their target price on Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday. Finally, National Bankshares boosted their price objective on shares of Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$191.29.

Loblaw Companies Stock Performance

Shares of L opened at C$181.49 on Thursday. The company has a 50-day moving average of C$177.66 and a two-hundred day moving average of C$168.24. Loblaw Companies has a one year low of C$116.81 and a one year high of C$188.77. 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 market cap of C$55.43 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 3.23 and a beta of 0.17.

Loblaw Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Sunday, December 15th will be issued a $0.513 dividend. This represents a $2.05 dividend on an annualized basis and a yield of 1.13%. Loblaw Companies’s dividend payout ratio is presently 31.06%.

Loblaw Companies Company Profile

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.