Loblaw Companies (TSE:L) Price Target Raised to C$195.00 at National Bankshares

Loblaw Companies (TSE:L) had its target price boosted by National Bankshares from C$188.00 to C$195.00 in a research note released on Thursday morning,BayStreet.CA reports.

L has been the topic of several other reports. Desjardins raised their price objective on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. BMO Capital Markets boosted their price target on Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. CIBC lifted their price objective on shares of Loblaw Companies from C$171.00 to C$189.00 in a research report on Friday, July 26th. TD Securities cut their target price on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada increased their price objective on shares of Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday, November 12th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$191.29.

Loblaw Companies Trading Up 0.5 %

Shares of Loblaw Companies stock opened at C$181.49 on Thursday. Loblaw Companies has a 1-year low of C$116.81 and a 1-year high of C$188.77. The company’s fifty day simple moving average is C$177.66 and its 200-day simple moving average is C$168.24. The stock has a market capitalization of C$55.43 billion, a PE ratio of 27.50, a P/E/G 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Sunday, December 15th will be given a $0.513 dividend. This represents a $2.05 annualized dividend and a yield of 1.13%. Loblaw Companies’s dividend payout ratio (DPR) is 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.