Dundee Securities reissued their neutral rating on shares of Loblaw Companies Limited (TSE:L) in a research note issued to investors on Thursday morning. Dundee Securities currently has a C$76.00 price target on the stock.
L has been the subject of a number of other research reports. TD Securities reissued a buy rating and issued a C$80.00 target price on shares of Loblaw Companies Limited in a research note on Tuesday, July 26th. Scotiabank reissued a sector perform rating and issued a C$76.00 target price on shares of Loblaw Companies Limited in a research note on Monday, May 30th. Barclays PLC boosted their target price on Loblaw Companies Limited from C$78.00 to C$80.00 in a research note on Thursday, July 28th. National Bank Financial boosted their target price on Loblaw Companies Limited from C$74.00 to C$77.00 in a research note on Thursday, July 28th. Finally, RBC Capital Markets boosted their target price on Loblaw Companies Limited from C$78.00 to C$80.00 in a research note on Thursday, July 28th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of C$79.25.
Loblaw Companies Limited (TSE:L) opened at 67.66 on Thursday. The stock has a 50 day moving average price of $70.82 and a 200-day moving average price of $70.74. The company has a market cap of $27.36 billion and a price-to-earnings ratio of 43.12. Loblaw Companies Limited has a 12-month low of $61.25 and a 12-month high of $74.59.
The company also recently announced a quarterly dividend, which will be paid on Saturday, October 1st. Shareholders of record on Thursday, September 15th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.54%.
About Loblaw Companies Limited
Loblaw Companies Limited (Loblaw) is a Canada-based holding company. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial products and services. The Company operates through three segments: Retail, Financial Services and Choice Properties.
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