Loblaw Companies (TSE:L) Price Target Raised to C$203.00 at TD Securities

Loblaw Companies (TSE:L) had its target price lifted by TD Securities from C$186.00 to C$203.00 in a report released on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the company. National Bankshares boosted 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. Desjardins boosted their price target on Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a 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. Finally, CIBC boosted their price target on Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$180.71.

Loblaw Companies Stock Up 0.3 %

TSE L opened at C$186.00 on Friday. The stock has a fifty day moving average of C$176.88 and a 200-day moving average of C$167.13. The stock has a market capitalization of C$56.80 billion, a P/E ratio of 28.11, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. Loblaw Companies has a 52 week low of C$116.81 and a 52 week high of C$188.77. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.68 and a current ratio of 1.36.

Loblaw Companies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Tuesday, October 1st were given a $0.513 dividend. This represents a $2.05 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Friday, September 13th. 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.