Loblaw Companies Limited (TSE:L)‘s stock had its “sector perform” rating restated by equities researchers at Scotiabank in a note issued to investors on Thursday. They currently have a C$77.00 price target on the stock. Scotiabank’s price objective would indicate a potential upside of 11.26% from the company’s current price.

A number of other research firms have also weighed in on L. CIBC increased their price objective on shares of Loblaw Companies Limited from C$80.00 to C$81.00 in a research note on Thursday, July 28th. Royal Bank Of Canada increased their price objective on shares of Loblaw Companies Limited from C$78.00 to C$80.00 in a research note on Thursday, July 28th. Desjardins increased their price objective on shares of Loblaw Companies Limited from C$77.00 to C$80.00 in a research note on Thursday, July 28th. Raymond James Financial Inc. increased their price objective on shares of Loblaw Companies Limited from C$78.00 to C$80.00 in a research note on Thursday, July 28th. Finally, Barclays PLC increased their price objective on shares of Loblaw Companies Limited from C$77.00 to C$78.00 in a research note on Friday, July 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$79.25.

Analyst Recommendations for Loblaw Companies Limited (TSE:L)

Loblaw Companies Limited (TSE:L) traded up 0.53% during mid-day trading on Thursday, hitting $69.58. 263,537 shares of the stock were exchanged. The stock has a market cap of $28.14 billion and a PE ratio of 44.35. Loblaw Companies Limited has a 52-week low of $61.25 and a 52-week high of $74.59. The stock’s 50 day moving average is $71.19 and its 200 day moving average is $70.79.

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The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.50%.

About Loblaw Companies Limited

Loblaw Companies Limited (Loblaw) is a Canada-based holding company. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial products and services. The Company operates through three segments: Retail, Financial Services and Choice Properties.

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