Loblaw Companies (TSE:L) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Loblaw Companies (TSE:L) had its target price boosted by Royal Bank of Canada from C$183.00 to C$205.00 in a report published on Tuesday morning,BayStreet.CA reports.

A number of other equities analysts also recently weighed in on L. Desjardins boosted their price target on Loblaw Companies from C$157.00 to C$172.00 and gave the stock a “hold” rating in a research report on Tuesday, July 23rd. BMO Capital Markets boosted their target price on Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. National Bankshares raised their price target on Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. TD Securities lifted their price objective on shares of Loblaw Companies from C$186.00 to C$203.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, CIBC upped their price objective on shares of Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Loblaw Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of C$191.29.

Loblaw Companies Stock Performance

Shares of L opened at C$181.49 on Tuesday. 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 firm has a 50-day moving average of C$177.55 and a 200-day moving average of C$167.91. The company has a market cap of C$55.43 billion, a PE ratio of 27.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. Loblaw Companies has a one year low of C$116.81 and a one year high of C$188.77.

Loblaw Companies Announces Dividend

The company 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 dividend of $0.513 per share. This represents a $2.05 annualized dividend and a yield of 1.13%. Loblaw Companies’s payout ratio is 31.06%.

About Loblaw Companies

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.