Christie James Beckett Clark Sells 2,105 Shares of Loblaw Companies Limited (TSE:L) Stock

Loblaw Companies Limited (TSE:L) Director Christie James Beckett Clark sold 2,105 shares of Loblaw Companies stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of C$189.69, for a total transaction of C$399,297.45.

Loblaw Companies Stock Up 0.1 %

Shares of TSE:L opened at C$191.18 on Friday. The stock has a 50-day simple moving average of C$182.34 and a 200-day simple moving average of C$173.24. The stock has a market capitalization of C$58.38 billion, a P/E ratio of 28.97, a PEG ratio of 3.23 and a beta of 0.17. Loblaw Companies Limited has a 1 year low of C$122.11 and a 1 year high of C$196.49. 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 30th will be given a $0.513 dividend. This represents a $2.05 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, December 13th. Loblaw Companies’s payout ratio is currently 31.06%.

Wall Street Analyst Weigh In

L has been the subject of a number of recent analyst reports. TD Securities lowered their price objective on Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a research report on Thursday, November 14th. CIBC lifted their price target on Loblaw Companies from C$189.00 to C$206.00 in a report on Thursday, November 14th. Desjardins increased their price objective on shares of Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday, November 14th. UBS Group set a C$225.00 target price on shares of Loblaw Companies and gave the stock a “buy” rating in a research report on Friday, December 13th. Finally, Royal Bank of Canada upped their price target on shares of Loblaw Companies from C$205.00 to C$217.00 and gave the stock an “outperform” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$197.00.

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.