Loblaw Companies (TSE:L) Price Target Raised to C$65.00 at TD Securities

Loblaw Companies (TSE:L) had its target price upped by TD Securities from C$63.00 to C$65.00 in a research note released on Thursday morning,BayStreet.CA reports.

L has been the topic of a number of other research reports. Scotiabank boosted their price objective on Loblaw Companies from C$61.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. BMO Capital Markets raised shares of Loblaw Companies to a “hold” rating in a research report on Monday, November 3rd. Desjardins upped their price objective on shares of Loblaw Companies from C$230.00 to C$235.00 and gave the company a “hold” rating in a report on Friday, July 25th. National Bankshares lifted their target price on shares of Loblaw Companies from C$60.00 to C$61.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 22nd. Finally, Royal Bank Of Canada boosted their target price on shares of Loblaw Companies from C$234.00 to C$267.00 in a report on Monday, July 21st. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Loblaw Companies presently has a consensus rating of “Moderate Buy” and an average price target of C$134.50.

Loblaw Companies Stock Up 0.8%

L stock opened at C$59.09 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt-to-equity ratio of 166.11. The firm has a 50-day moving average of C$55.98 and a two-hundred day moving average of C$150.44. Loblaw Companies has a 12 month low of C$43.32 and a 12 month high of C$59.91. The company has a market cap of C$69.80 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 3.23 and a beta of 0.29.

Loblaw Companies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, October 1st were paid a $0.5643 dividend. This represents a $2.26 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, September 15th. Loblaw Companies’s payout ratio is 26.06%.

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.