Loblaw Companies (TSE:L) Price Target Raised to C$205.00 at Royal Bank of Canada

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

A number of other equities research analysts also recently commented on the company. CIBC increased their price objective on Loblaw Companies from C$171.00 to C$189.00 in a research report on Friday, July 26th. TD Securities upped their target price on Loblaw Companies from C$186.00 to C$203.00 and gave the company a “buy” rating in a report on Friday, November 8th. Desjardins lifted their price target on Loblaw Companies from C$157.00 to C$172.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. BMO Capital Markets upped their price objective on shares of Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. Finally, National Bankshares lifted their target price on shares of Loblaw Companies from C$175.00 to C$188.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Loblaw Companies has an average rating of “Moderate Buy” and a consensus target price of C$185.43.

Loblaw Companies Stock Up 0.7 %

L opened at C$187.39 on Tuesday. 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$57.23 billion, a PE ratio of 28.39, a P/E/G ratio of 3.23 and a beta of 0.17. The stock’s fifty day moving average is C$177.08 and its 200-day moving average is C$167.36. Loblaw Companies has a one year low of C$116.81 and a one year high of C$188.77.

Loblaw Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, October 1st were given a $0.513 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.05 dividend on an annualized basis and a yield of 1.10%. Loblaw Companies’s payout ratio is 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.