Loblaw Companies (TSE:L) Stock Crosses Above Two Hundred Day Moving Average of $107.12

Loblaw Companies Limited (TSE:LGet Rating) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$107.12 and traded as high as C$114.55. Loblaw Companies shares last traded at C$113.02, with a volume of 808,537 shares.

A number of equities research analysts recently issued reports on the stock. 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 research note on Tuesday, March 15th. Royal Bank of Canada boosted their price objective on Loblaw Companies from C$120.00 to C$133.00 and gave the company an “outperform” rating in a report on Thursday, April 28th. ATB Capital raised their price objective on Loblaw Companies from C$105.00 to C$115.00 and gave the stock an “outperform” rating in a report on Friday, February 25th. Desjardins boosted their price objective on shares of Loblaw Companies from C$110.00 to C$116.00 in a research note on Thursday, May 5th. Finally, National Bankshares lifted their price target on shares of Loblaw Companies from C$120.00 to C$122.00 and gave the stock an “outperform” rating in a report on Thursday, May 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$112.50.

The company has a quick ratio of 0.77, a current ratio of 1.39 and a debt-to-equity ratio of 142.06. The business has a 50-day simple moving average of C$115.09 and a 200-day simple moving average of C$107.12. The company has a market cap of C$37.63 billion and a PE ratio of 19.28.

Loblaw Companies (TSE:LGet Rating) last released its earnings results on Wednesday, May 4th. The company reported C$1.36 earnings per share for the quarter, beating the consensus estimate of C$1.31 by C$0.05. The firm had revenue of C$12.26 billion during the quarter, compared to analyst estimates of C$12.36 billion. As a group, equities research analysts predict that Loblaw Companies Limited will post 7.0399996 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 1st. Shareholders of record on Wednesday, June 15th will be given a $0.405 dividend. The ex-dividend date of this dividend is Tuesday, June 14th. This represents a $1.62 dividend on an annualized basis and a yield of 1.43%. This is a positive change from Loblaw Companies’s previous quarterly dividend of $0.37. Loblaw Companies’s dividend payout ratio (DPR) is currently 24.39%.

In other Loblaw Companies news, Director Alannah Elizabeth Weston sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of C$110.61, for a total value of C$1,106,098.00. Following the sale, the director now directly owns 30,000 shares in the company, valued at C$3,318,294.

About Loblaw Companies (TSE:L)

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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