Loblaw Companies (TSE:L) Reaches New 12-Month High – Still a Buy?

Loblaw Companies Limited (TSE:L) hit a new 52-week high during trading on Wednesday . The stock traded as high as C$187.76 and last traded at C$187.54, with a volume of 75042 shares. The stock had previously closed at C$186.33.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. National Bankshares raised their target price on Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday, November 14th. TD Securities dropped their price target on 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 lifted their price target on Loblaw Companies from C$189.00 to C$206.00 in a research report on Thursday, November 14th. Royal Bank of Canada lifted their price target on Loblaw Companies from C$183.00 to C$205.00 in a research report on Tuesday, November 12th. Finally, Desjardins raised their price objective on Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Loblaw Companies has a consensus rating of “Moderate Buy” and a consensus target price of C$191.29.

Loblaw Companies Stock Down 0.5 %

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 stock has a 50 day simple moving average of C$179.08 and a 200 day simple moving average of C$170.68. The firm has a market capitalization of C$58.55 billion, a PE ratio of 29.21, a PEG ratio of 3.23 and a beta of 0.17.

Loblaw Companies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Sunday, December 15th will be given a $0.513 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.07%. Loblaw Companies’s dividend payout ratio is currently 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.