Loblaw Companies Limited (TSE:L) Director Sells C$399,297.45 in Stock

Loblaw Companies Limited (TSE:L) Director Christie James Beckett Clark sold 2,105 shares of Loblaw Companies stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$189.69, for a total value of C$399,297.45.

Loblaw Companies Price Performance

Shares of L stock opened at C$190.62 on Friday. The firm has a market capitalization of C$58.21 billion, a price-to-earnings ratio of 28.88, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. Loblaw Companies Limited has a 12-month low of C$123.96 and a 12-month high of C$196.49. The company has a quick ratio of 0.68, a current ratio of 1.36 and a debt-to-equity ratio of 163.32. The firm has a fifty day moving average of C$182.60 and a 200-day moving average of C$173.36.

Loblaw Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 30th will be issued a $0.513 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.05 annualized dividend and a dividend yield of 1.08%. Loblaw Companies’s dividend payout ratio (DPR) is currently 31.06%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Desjardins raised their target price on shares of Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday, November 14th. Royal Bank of Canada lifted their target price on shares of Loblaw Companies from C$205.00 to C$217.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. TD Securities dropped 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 report on Thursday, November 14th. CIBC raised their price target on Loblaw Companies from C$189.00 to C$206.00 in a research report on Thursday, November 14th. Finally, UBS Group set a C$225.00 price objective on Loblaw Companies and gave the company a “buy” rating in a report on Friday, December 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Loblaw Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of C$197.00.

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.