Loblaw Companies (TSE:L) Price Target Raised to C$195.00 at National Bankshares

Loblaw Companies (TSE:L) had its price objective upped by National Bankshares from C$188.00 to C$195.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports.

Several other analysts have also recently weighed in on the stock. CIBC raised their price objective on shares of Loblaw Companies from C$171.00 to C$189.00 in a research report on Friday, July 26th. Royal Bank of Canada raised their price objective on shares of Loblaw Companies from C$183.00 to C$205.00 in a research report on Tuesday. TD Securities lowered their price objective on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating on the stock in a research report on Thursday. Desjardins increased their target price on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. Finally, BMO Capital Markets increased their target price on shares of Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$191.29.

Loblaw Companies Price Performance

TSE L traded up C$0.37 on Thursday, hitting C$181.00. The stock had a trading volume of 114,403 shares, compared to its average volume of 354,913. 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. The company has a market capitalization of C$55.28 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. The firm has a 50-day moving average of C$177.55 and a 200-day moving average of C$167.91.

Loblaw Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Sunday, December 15th will be issued a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a dividend yield of 1.13%. 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.