Loblaw Companies Limited (TSE:L) has earned a consensus rating of “Hold” from the twelve research firms that are presently covering the stock. Two analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is C$79.25.
Several equities analysts have recently weighed in on the stock. TD Securities reiterated a “buy” rating and issued a C$80.00 price objective on shares of Loblaw Companies Limited in a research note on Tuesday, July 26th. Barclays PLC increased their price objective on shares of Loblaw Companies Limited from C$78.00 to C$80.00 in a research note on Thursday, July 28th. Scotiabank reiterated a “sector perform” rating and issued a C$76.00 price objective on shares of Loblaw Companies Limited in a research note on Monday, July 25th. National Bank Financial raised their target price on shares of Loblaw Companies Limited from C$74.00 to C$77.00 in a research note on Thursday, July 28th. Finally, Dundee Securities restated a “neutral” rating and set a C$76.00 target price on shares of Loblaw Companies Limited in a research note on Thursday, September 22nd.
Shares of Loblaw Companies Limited (TSE:L) opened at 66.52 on Thursday. Loblaw Companies Limited has a one year low of $61.25 and a one year high of $74.59. The company has a market capitalization of $26.90 billion and a price-to-earnings ratio of 42.40. The stock has a 50 day moving average of $68.70 and a 200-day moving average of $70.22.
The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 1st. Shareholders of record on Thursday, September 15th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.56%.
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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