Loblaw Companies Limited (TSE:L) Receives Average Recommendation of “Moderate Buy” from Brokerages

Loblaw Companies Limited (TSE:L) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$199.25.

Several research analysts have issued reports on L shares. BMO Capital Markets raised their price target on shares of Loblaw Companies from C$220.00 to C$230.00 and gave the stock a “market perform” rating in a report on Friday, July 25th. Royal Bank Of Canada boosted their price objective on Loblaw Companies from C$234.00 to C$267.00 in a report on Monday, July 21st. TD Securities boosted their price objective on Loblaw Companies from C$245.00 to C$250.00 and gave the company a “buy” rating in a report on Friday, July 25th. National Bankshares dropped their target price on Loblaw Companies from C$242.00 to C$60.00 in a report on Wednesday, August 20th. Finally, Scotiabank raised their target price on Loblaw Companies from C$61.00 to C$65.00 and gave the company an “outperform” rating in a report on Thursday, August 21st.

Loblaw Companies Trading Up 0.7%

L opened at C$57.44 on Thursday. The company has a debt-to-equity ratio of 166.11, a current ratio of 1.29 and a quick ratio of 0.68. Loblaw Companies has a fifty-two week low of C$42.74 and a fifty-two week high of C$59.70. The company’s 50 day moving average price is C$83.29 and its two-hundred day moving average price is C$172.53. The firm has a market capitalization of C$68.29 billion, a price-to-earnings ratio of 28.47, a PEG ratio of 3.23 and a beta of 0.29.

Loblaw Companies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, October 1st were issued a $0.5643 dividend. This represents a $2.26 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, September 15th. Loblaw Companies’s dividend payout ratio (DPR) is currently 26.06%.

Loblaw Companies Company Profile

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart.