Loblaw Companies Ltd (L) Receives Average Rating of “Buy” from Analysts

Loblaw Companies Ltd (TSE:L) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$80.60.

A number of analysts have recently issued reports on the stock. Eight Capital boosted their target price on shares of Loblaw Companies from C$73.00 to C$75.00 in a report on Thursday, November 16th. Raymond James Financial boosted their target price on shares of Loblaw Companies from C$80.00 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, November 16th. Desjardins set a C$84.00 target price on shares of Loblaw Companies and gave the stock a “buy” rating in a report on Thursday, November 16th. CIBC lowered their target price on shares of Loblaw Companies from C$84.00 to C$83.00 in a report on Thursday, November 16th. Finally, TD Securities boosted their target price on shares of Loblaw Companies from C$78.00 to C$81.00 in a report on Thursday, November 16th.

Loblaw Companies (L) traded up C$0.02 during midday trading on Friday, hitting C$67.92. 417,337 shares of the stock were exchanged, compared to its average volume of 487,802. Loblaw Companies has a 12 month low of C$64.65 and a 12 month high of C$78.87. The firm has a market capitalization of $26,370.00, a P/E ratio of 16.21 and a beta of 0.36.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, December 30th. Shareholders of record on Friday, December 15th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.59%. Loblaw Companies’s dividend payout ratio (DPR) is 25.30%.

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Loblaw Companies Company Profile

Loblaw Companies Limited is a Canada-based holding company. The Company operates through three segments: Retail, Financial Services and Choice Properties. The Company’s Retail segment consists of corporate and franchise-owned retail food and Associate-owned drug stores, and includes in-store pharmacies and other health and beauty products, gas bars, apparel and other general merchandise.

Analyst Recommendations for Loblaw Companies (TSE:L)

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