Loblaw Companies Limited (TSE:L)‘s stock had its “neutral” rating reiterated by analysts at Dundee Securities in a research note issued on Thursday. They currently have a C$76.00 target price on the stock. Dundee Securities’ target price would suggest a potential upside of 9.81% from the stock’s previous close.

L has been the topic of a number of other research reports. CIBC boosted their price objective on Loblaw Companies Limited from C$80.00 to C$81.00 in a research note on Thursday, July 28th. Royal Bank Of Canada boosted their target price on Loblaw Companies Limited from C$78.00 to C$80.00 in a research report on Thursday, July 28th. Desjardins boosted their target price on Loblaw Companies Limited from C$77.00 to C$80.00 in a research report on Thursday, July 28th. Raymond James Financial Inc. boosted their target price on Loblaw Companies Limited from C$78.00 to C$80.00 in a research report on Thursday, July 28th. Finally, Barclays PLC boosted their target price on Loblaw Companies Limited from C$77.00 to C$78.00 in a research report on Friday, July 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$79.25.

Loblaw Companies Limited (TSE:L) traded up 0.53% during trading on Thursday, hitting $69.58. The company had a trading volume of 263,537 shares. The firm has a 50-day moving average of $71.19 and a 200 day moving average of $70.79. Loblaw Companies Limited has a 12-month low of $61.25 and a 12-month high of $74.59. The company has a market capitalization of $28.14 billion and a price-to-earnings ratio of 44.35.

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

Loblaw Companies Limited Company Profile

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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