Loblaw Companies (TSE:L) Price Target Raised to C$172.00 at TD Securities

Loblaw Companies (TSE:L) had its price target hoisted by TD Securities from C$168.00 to C$172.00 in a research report released on Friday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

Other research analysts have also recently issued research reports about the stock. Royal Bank of Canada lifted their target price on shares of Loblaw Companies from C$170.00 to C$172.00 and gave the company an outperform rating in a research note on Wednesday, January 24th. National Bankshares lifted their target price on shares of Loblaw Companies from C$156.00 to C$159.00 and gave the company an outperform rating in a research note on Thursday. Scotiabank lifted their target price on shares of Loblaw Companies from C$148.27 to C$161.00 and gave the company a sector perform rating in a research note on Thursday. CIBC boosted their price objective on shares of Loblaw Companies from C$159.00 to C$171.00 and gave the stock an outperform rating in a research report on Thursday. Finally, Desjardins boosted their price objective on shares of Loblaw Companies from C$148.00 to C$157.00 and gave the stock a hold rating in a research report on Monday, April 29th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Loblaw Companies presently has a consensus rating of Moderate Buy and an average target price of C$162.43.

Loblaw Companies Stock Down 0.4 %

TSE L opened at C$153.93 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 156.41. The stock’s 50 day moving average is C$149.29 and its two-hundred day moving average is C$133.72. The company has a market capitalization of C$47.60 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.53 and a beta of 0.12. Loblaw Companies has a 1-year low of C$110.52 and a 1-year high of C$155.22.

Loblaw Companies (TSE:L) last released its quarterly earnings data on Thursday, February 22nd. The company reported C$2.00 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.92 by C$0.08. The company had revenue of C$14.53 billion for the quarter, compared to the consensus estimate of C$14.58 billion. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%. Equities analysts forecast that Loblaw Companies will post 8.4881297 earnings per share for the current fiscal year.

Loblaw Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Saturday, June 15th will be given a dividend of $0.513 per share. This is a boost from Loblaw Companies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.05 annualized dividend and a dividend yield of 1.33%. Loblaw Companies’s payout ratio is presently 27.30%.

Insider Buying and Selling at Loblaw Companies

In other Loblaw Companies news, Senior Officer Frank Gambioli sold 4,603 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$144.00, for a total transaction of C$662,832.00. In other Loblaw Companies news, Senior Officer Frank Gambioli sold 4,603 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$144.00, for a total transaction of C$662,832.00. Also, Senior Officer Jeffrey Francis Leger sold 10,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$146.00, for a total transaction of C$1,460,000.00. In the last 90 days, insiders sold 71,495 shares of company stock worth $10,547,163. Insiders own 52.69% of the company’s stock.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.