Loblaw Companies (TSE:L) PT Raised to C$171.00 at CIBC

Loblaw Companies (TSE:L) had its price objective increased by CIBC from C$159.00 to C$171.00 in a research report sent to investors on Thursday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other equities research analysts also recently issued reports on the stock. Scotiabank raised their price objective on shares of Loblaw Companies from C$146.00 to C$148.27 and gave the stock a sector perform rating in a research report on Monday, April 22nd. BMO Capital Markets raised their price objective on shares of Loblaw Companies from C$130.00 to C$145.00 in a research report on Friday, February 23rd. Royal Bank of Canada raised their price objective on shares of Loblaw Companies from C$170.00 to C$172.00 and gave the stock an outperform rating in a research report on Wednesday, January 24th. Desjardins raised their price objective on shares of Loblaw Companies from C$148.00 to C$157.00 and gave the stock a hold rating in a research report on Monday, April 29th. Finally, National Bankshares raised their price objective on shares of Loblaw Companies from C$156.00 to C$159.00 and gave the stock an outperform rating in a research report on Thursday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of C$162.43.

Loblaw Companies Trading Down 0.4 %

Shares of TSE:L opened at C$153.93 on Thursday. Loblaw Companies has a 52-week low of C$110.52 and a 52-week high of C$155.22. The company has a market capitalization of C$47.32 billion, a P/E ratio of 22.97, a price-to-earnings-growth ratio of 2.53 and a beta of 0.12. The company has a 50-day simple moving average of C$149.47 and a 200 day simple moving average of C$133.99. The company has a debt-to-equity ratio of 156.41, a quick ratio of 0.68 and a current ratio of 1.25.

Loblaw Companies (TSE:L) last issued its earnings results on Thursday, February 22nd. The company reported C$2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.92 by C$0.08. Loblaw Companies had a net margin of 3.53% and a return on equity of 18.96%. The business had revenue of C$14.53 billion during the quarter, compared to the consensus estimate of C$14.58 billion. Sell-side analysts forecast that Loblaw Companies will post 8.5138274 earnings per share for the current year.

Loblaw Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Saturday, June 15th will be issued a dividend of $0.513 per share. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Loblaw Companies’s previous quarterly dividend of $0.45. This represents a $2.05 annualized dividend and a dividend yield of 1.33%. Loblaw Companies’s dividend payout ratio (DPR) is currently 30.60%.

Insider Transactions at Loblaw Companies

In related news, Senior Officer Frank Gambioli sold 4,603 shares of Loblaw Companies stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$144.00, for a total value of C$662,832.00. In related news, Senior Officer Frank Gambioli sold 4,603 shares of Loblaw Companies stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$144.00, for a total value of C$662,832.00. Also, Senior Officer Jeffrey Francis Leger sold 10,000 shares of Loblaw Companies stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of C$146.00, for a total transaction of C$1,460,000.00. Over the last ninety days, insiders have sold 71,495 shares of company stock valued at $10,547,163. 53.26% of the stock is currently owned by company insiders.

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.