Loblaw Companies (TSE:L) Given a C$225.00 Price Target at UBS Group

UBS Group set a C$225.00 target price on Loblaw Companies (TSE:L) in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts have also commented on the company. National Bankshares upped their price target on Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday, November 14th. CIBC raised their price target on shares of Loblaw Companies from C$189.00 to C$206.00 in a report on Thursday, November 14th. TD Securities decreased their price objective on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. Royal Bank of Canada raised their target price on shares of 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. Finally, Desjardins lifted their target price on shares of Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$197.00.

Loblaw Companies Stock Down 0.2 %

Shares of L opened at C$193.97 on Friday. The firm has a market cap of C$59.24 billion, a PE ratio of 29.39, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. The company has a quick ratio of 0.68, a current ratio of 1.36 and a debt-to-equity ratio of 163.32. The company’s fifty day moving average is C$181.03 and its two-hundred day moving average is C$172.11. Loblaw Companies has a fifty-two week low of C$118.02 and a fifty-two week high of C$196.49.

Loblaw Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 30th will be issued a $0.513 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.05 dividend on an annualized basis and a yield of 1.06%. Loblaw Companies’s dividend payout ratio is currently 31.06%.

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.