TD Securities Lowers Loblaw Companies (TSE:L) Price Target to C$202.00

Loblaw Companies (TSE:L) had its target price reduced by TD Securities from C$203.00 to C$202.00 in a research note published on Thursday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other analysts have also recently commented on L. CIBC lifted their price target on Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. BMO Capital Markets lifted their price objective on Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. Royal Bank of Canada lifted their price objective on Loblaw Companies from C$183.00 to C$205.00 in a research note on Tuesday. Desjardins lifted their price objective on Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. Finally, National Bankshares lifted their price objective on Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$191.29.

Loblaw Companies Trading Up 0.2 %

L traded up C$0.37 during midday trading on Thursday, hitting C$181.00. The company’s stock had a trading volume of 114,403 shares, compared to its average volume of 354,913. The company has a current ratio of 1.36, a quick ratio of 0.68 and a debt-to-equity ratio of 163.32. The firm has a market cap of C$55.28 billion, a P/E ratio of 27.26, a PEG ratio of 3.23 and a beta of 0.17. The firm has a 50-day moving average price of C$177.55 and a two-hundred day moving average price of C$167.91. Loblaw Companies has a 52-week low of C$116.81 and a 52-week high of C$188.77.

Loblaw Companies Announces Dividend

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