Loblaw Companies Limited (L) Given Average Rating of “Buy” by Brokerages
Shares of Loblaw Companies Limited (TSE:L) have earned an average recommendation of “Hold” from the twelve analysts that are covering the firm. Two investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$79.25.
Several equities analysts have recently weighed in on L shares. TD Securities restated a “buy” rating and issued a C$80.00 price objective on shares of Loblaw Companies Limited in a report on Tuesday, July 26th. Scotiabank restated a “sector perform” rating and issued a C$77.00 price objective on shares of Loblaw Companies Limited in a report on Wednesday, August 24th. RBC Capital Markets raised their price objective on Loblaw Companies Limited from C$78.00 to C$80.00 in a report on Thursday, July 28th. Dundee Securities restated a “neutral” rating and issued a C$76.00 price objective on shares of Loblaw Companies Limited in a report on Thursday, September 22nd. Finally, Barclays PLC raised their price objective on Loblaw Companies Limited from C$77.00 to C$78.00 in a report on Friday, July 22nd.
Shares of Loblaw Companies Limited (TSE:L) traded down 0.17% during trading on Thursday, hitting $66.38. The stock had a trading volume of 492,012 shares. The company has a market cap of $26.84 billion and a P/E ratio of 42.31. Loblaw Companies Limited has a one year low of $61.25 and a one year high of $74.59. The stock’s 50-day moving average price is $69.00 and its 200-day moving average price is $70.30.
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 https://www.americanbankingnews.com/2016/10/13/loblaw-companies-limited-l-given-average-rating-of-buy-by-brokerages.html
The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.56%.
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.