Royal Bank of Canada Issues Positive Forecast for Loblaw Companies (TSE:L) Stock Price

Loblaw Companies (TSE:L) had its target price hoisted by Royal Bank of Canada from C$183.00 to C$205.00 in a report released on Tuesday,BayStreet.CA reports.

Other analysts have also issued reports about the stock. TD Securities increased their price target on shares of Loblaw Companies from C$186.00 to C$203.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Desjardins increased their target price on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. BMO Capital Markets boosted their price target on shares of Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. CIBC upped their price objective on Loblaw Companies from C$171.00 to C$189.00 in a research report on Friday, July 26th. Finally, National Bankshares lifted their target price on Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Loblaw Companies currently has an average rating of “Moderate Buy” and an average price target of C$191.29.

Loblaw Companies Trading Down 1.2 %

TSE L opened at C$180.63 on Tuesday. Loblaw Companies has a 12 month low of C$116.81 and a 12 month high of C$188.77. The stock has a market capitalization of C$55.16 billion, a P/E ratio of 27.37, a PEG ratio of 3.23 and a beta of 0.17. The firm’s 50-day moving average is C$177.46 and its two-hundred day moving average is C$167.82. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68.

Loblaw Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Sunday, December 15th will be given a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a dividend yield of 1.14%. Loblaw Companies’s dividend payout ratio is currently 31.06%.

Loblaw Companies Company Profile

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.