Loblaw Companies Limited (L) Receives Neutral Rating from Dundee Securities
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.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/loblaw-companies-limited-l-receives-neutral-rating-from-dundee-securities.html
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.
Receive News & Ratings for Loblaw Companies Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loblaw Companies Limited and related companies with MarketBeat.com's FREE daily email newsletter.