Shares of Loblaw Companies Limited (TSE:L) have received a consensus rating of “Hold” from the twelve brokerages that are covering the firm. Two investment 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 updated their coverage on the stock in the last year is C$79.25.

L has been the subject of a number of analyst reports. CIBC upped their price target on Loblaw Companies Limited from C$80.00 to C$81.00 in a research report on Thursday, July 28th. Royal Bank Of Canada upped their price target on Loblaw Companies Limited from C$78.00 to C$80.00 in a research report on Thursday, July 28th. Desjardins upped their price target on Loblaw Companies Limited from C$77.00 to C$80.00 in a research report on Thursday, July 28th. Raymond James Financial Inc. upped their price target on Loblaw Companies Limited from C$78.00 to C$80.00 in a research report on Thursday, July 28th. Finally, Barclays PLC upped their price target on Loblaw Companies Limited from C$77.00 to C$78.00 in a research report on Friday, July 22nd.

Loblaw Companies Limited (TSE:L) opened at 66.51 on Thursday. Loblaw Companies Limited has a one year low of $61.25 and a one year high of $74.59. The stock has a market capitalization of $26.90 billion and a PE ratio of 42.39. The company’s 50 day moving average price is $68.56 and its 200-day moving average price is $70.12.

The firm also recently declared a quarterly dividend, which was paid on Saturday, October 1st. Stockholders of record on Thursday, September 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend 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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