Loblaw Companies Limited (TSE:L) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Loblaw Companies Limited (TSE:LGet Rating) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$112.50.

A number of brokerages have weighed in on L. TD Securities upped their price target on shares of Loblaw Companies from C$115.00 to C$125.00 and gave the company a “buy” rating in a report on Tuesday, March 15th. Desjardins upped their price target on shares of Loblaw Companies from C$110.00 to C$116.00 in a report on Thursday, May 5th. National Bankshares upped their price target on shares of Loblaw Companies from C$120.00 to C$122.00 and gave the company an “outperform” rating in a report on Thursday, May 5th. Scotiabank upped their price target on shares of Loblaw Companies from C$112.00 to C$116.00 in a report on Tuesday, March 15th. Finally, CIBC upped their price target on shares of Loblaw Companies from C$116.00 to C$120.00 and gave the company an “outperform” rating in a report on Friday, February 25th.

L stock opened at C$111.33 on Thursday. The company has a market capitalization of C$37.07 billion and a P/E ratio of 18.99. The company has a 50-day simple moving average of C$114.32 and a 200 day simple moving average of C$107.69. Loblaw Companies has a fifty-two week low of C$74.70 and a fifty-two week high of C$119.58. The company has a quick ratio of 0.77, a current ratio of 1.39 and a debt-to-equity ratio of 142.06.

Loblaw Companies (TSE:LGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The company reported C$1.36 earnings per share for the quarter, topping the consensus estimate of C$1.31 by C$0.05. The company had revenue of C$12.26 billion during the quarter, compared to analyst estimates of C$12.36 billion. Equities analysts anticipate that Loblaw Companies will post 7.0374641 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be paid a dividend of $0.405 per share. The ex-dividend date of this dividend is Tuesday, June 14th. This is a positive change from Loblaw Companies’s previous quarterly dividend of $0.37. This represents a $1.62 dividend on an annualized basis and a yield of 1.46%. Loblaw Companies’s dividend payout ratio is currently 24.39%.

In other Loblaw Companies news, Director Richard Dufresne sold 5,000 shares of the company’s stock in a transaction dated Wednesday, June 15th. The shares were sold at an average price of C$112.55, for a total transaction of C$562,772.00. Following the completion of the sale, the director now directly owns 5,884 shares of the company’s stock, valued at C$662,270.09.

Loblaw Companies Company Profile (Get Rating)

Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses 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.

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Analyst Recommendations for Loblaw Companies (TSE:L)

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