Loblaw Companies (TSE:L) Given New C$200.00 Price Target at BMO Capital Markets

Loblaw Companies (TSE:L) had its target price raised by BMO Capital Markets from C$180.00 to C$200.00 in a research report released on Monday,BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. TD Securities reduced their price objective on shares of Loblaw Companies from C$202.00 to C$195.00 and set a “buy” rating on the stock in a report on Friday, February 21st. National Bankshares lifted their price target on Loblaw Companies from C$192.00 to C$207.00 in a report on Thursday, April 10th. UBS Group cut their target price on Loblaw Companies from C$225.00 to C$210.00 in a research report on Friday, February 21st. CIBC increased their price target on shares of Loblaw Companies from C$206.00 to C$208.00 in a research note on Friday, February 21st. Finally, Scotiabank upgraded shares of Loblaw Companies from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$190.00 to C$215.00 in a research report on Friday, April 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$207.38.

Loblaw Companies Stock Up 0.8 %

Loblaw Companies stock opened at C$215.43 on Monday. The company has a debt-to-equity ratio of 166.11, a quick ratio of 0.68 and a current ratio of 1.29. The firm has a 50 day moving average price of C$193.43 and a 200 day moving average price of C$186.61. Loblaw Companies has a fifty-two week low of C$146.49 and a fifty-two week high of C$216.40. The company has a market capitalization of C$65.14 billion, a PE ratio of 29.24, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17.

Loblaw Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st were issued a $0.513 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.05 dividend on an annualized basis and a dividend yield of 0.95%. Loblaw Companies’s dividend payout ratio (DPR) is 27.83%.

Insider Buying and Selling at Loblaw Companies

In related news, Senior Officer Kieran Barry Columb sold 11,309 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$186.55, for a total transaction of C$2,109,706.39. Also, Director Richard Dufresne sold 25,783 shares of Loblaw Companies stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$186.55, for a total transaction of C$4,809,847.01. In the last ninety days, insiders have sold 141,456 shares of company stock worth $25,966,244. Corporate insiders own 53.77% of the company’s stock.

Loblaw Companies Company Profile

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.