Loblaw Companies (TSE:L) Price Target Lowered to C$210.00 at UBS Group

Loblaw Companies (TSE:L) had its price objective trimmed by UBS Group from C$225.00 to C$210.00 in a report published on Friday morning,BayStreet.CA reports.

Other equities research analysts have also issued research reports about the company. Desjardins upped their target price on Loblaw Companies from C$172.00 to C$190.00 in a research note on Thursday, November 14th. Royal Bank of Canada upped their target price on Loblaw Companies from C$205.00 to C$217.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. National Bankshares upped their target price on Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday, November 14th. CIBC upped their target price on Loblaw Companies from C$206.00 to C$208.00 in a research note on Friday. Finally, TD Securities reduced their target price on Loblaw Companies from C$202.00 to C$195.00 in a research note on Friday. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$199.38.

Loblaw Companies Stock Performance

L opened at C$175.89 on Friday. The stock has a market cap of C$53.18 billion, a P/E ratio of 23.87, a P/E/G ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 166.11, a current ratio of 1.29 and a quick ratio of 0.68. The stock’s 50 day simple moving average is C$184.16 and its 200 day simple moving average is C$179.84. Loblaw Companies has a 1-year low of C$138.13 and a 1-year high of C$196.49.

Loblaw Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 30th were given a $0.513 dividend. This represents a $2.05 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, December 13th. Loblaw Companies’s dividend payout ratio (DPR) is currently 27.83%.

Insider Buying and Selling

In related news, Director Christie James Beckett Clark sold 2,105 shares of the stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$189.69, for a total value of C$399,297.45. Corporate insiders own 53.77% of the company’s stock.

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.