Loblaw Companies (TSE:L) Price Target Raised to C$206.00 at CIBC

Loblaw Companies (TSE:L) had its target price hoisted by CIBC from C$189.00 to C$206.00 in a research report released on Thursday,BayStreet.CA reports.

L has been the topic of a number of other research reports. TD Securities dropped their target price on Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating on the stock in a research report on Thursday. Royal Bank of Canada upped their target price on Loblaw Companies from C$183.00 to C$205.00 in a research report on Tuesday. BMO Capital Markets upped their target price on Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. Desjardins upped their target price on Loblaw Companies from C$172.00 to C$190.00 in a research report on Thursday. Finally, National Bankshares upped their target price on Loblaw Companies from C$188.00 to C$195.00 in a research report on Thursday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$191.29.

Loblaw Companies Stock Up 0.2 %

Loblaw Companies stock traded up C$0.37 during trading hours on Thursday, reaching C$181.00. The stock had a trading volume of 114,403 shares, compared to its average volume of 354,913. The company has a market cap of C$55.28 billion, a price-to-earnings ratio of 27.26, a PEG ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. The business’s 50 day moving average price is C$177.55 and its 200-day moving average price is C$167.91. Loblaw Companies has a 52 week low of C$116.81 and a 52 week high of C$188.77.

Loblaw Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Sunday, December 15th will be issued a dividend of $0.513 per share. This represents a $2.05 dividend on an annualized basis and a dividend yield of 1.13%. Loblaw Companies’s dividend payout ratio is presently 31.06%.

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.