Brokerages Set Loblaw Companies Limited (TSE:L) Price Target at C$134.50

Loblaw Companies Limited (TSE:L) has been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$134.50.

A number of equities research analysts have issued reports on L shares. TD Securities lifted their target price on shares of Loblaw Companies from C$63.00 to C$65.00 in a research note on Thursday, November 13th. Scotiabank lifted their price objective on Loblaw Companies from C$61.00 to C$65.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. BMO Capital Markets boosted their target price on Loblaw Companies from C$57.50 to C$63.00 in a research note on Thursday, November 13th. CIBC raised their price target on Loblaw Companies from C$58.50 to C$67.00 in a research note on Thursday, November 13th. Finally, National Bankshares lifted their price target on Loblaw Companies from C$60.00 to C$61.00 and gave the company an “outperform” rating in a report on Wednesday, October 22nd.

Loblaw Companies Price Performance

TSE L opened at C$61.70 on Friday. 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 firm has a market capitalization of C$72.88 billion, a price-to-earnings ratio of 30.13, a price-to-earnings-growth ratio of 3.23 and a beta of 0.29. The company has a 50 day simple moving average of C$57.73 and a 200-day simple moving average of C$134.93. Loblaw Companies has a 52-week low of C$43.32 and a 52-week high of C$63.43.

Loblaw Companies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Wednesday, October 1st were paid a $0.5643 dividend. The ex-dividend date was Monday, September 15th. This represents a $2.26 dividend on an annualized basis and a yield of 3.7%. Loblaw Companies’s payout ratio is 26.31%.

About Loblaw Companies

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.