TD Securities Issues Pessimistic Forecast for Loblaw Companies (TSE:L) Stock Price

Loblaw Companies (TSE:L) had its target price cut by TD Securities from C$203.00 to C$202.00 in a research note released on Thursday,BayStreet.CA reports. They currently have a buy rating on the stock.

Several other analysts have also commented on L. Royal Bank of Canada increased their price target on shares of Loblaw Companies from C$183.00 to C$205.00 in a research report on Tuesday, November 12th. BMO Capital Markets upped their price target on Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. Desjardins boosted their target price on Loblaw Companies from C$157.00 to C$172.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. National Bankshares increased their price target on Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, CIBC boosted their price target on Loblaw Companies from C$171.00 to C$189.00 in a research note on Friday, July 26th. Two equities 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 company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$191.29.

Loblaw Companies Price Performance

L opened at C$181.49 on Thursday. The company has a market capitalization of C$55.43 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 3.23 and a beta of 0.17. The company has a current ratio of 1.36, a quick ratio of 0.68 and a debt-to-equity ratio of 163.32. Loblaw Companies has a 12-month low of C$116.81 and a 12-month high of C$188.77. The business’s fifty day simple moving average is C$177.66 and its 200-day simple moving average is C$168.24.

Loblaw Companies Announces Dividend

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