Loblaw Companies Limited (L) PT Set at C$84.00 by TD Securities
Loblaw Companies Limited (TSE:L) received a C$84.00 target price from stock analysts at TD Securities in a research note issued to investors on Monday. The firm currently has a a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 29.73% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. Desjardins raised their target price on shares of Loblaw Companies Limited from C$77.00 to C$80.00 in a report on Thursday, July 28th. CIBC raised their price objective on shares of Loblaw Companies Limited from C$80.00 to C$81.00 in a report on Thursday, July 28th. Royal Bank Of Canada raised their price objective on shares of Loblaw Companies Limited from C$78.00 to C$80.00 in a report on Thursday, July 28th. RBC Capital Markets raised their price objective on shares of Loblaw Companies Limited from C$78.00 to C$80.00 in a report on Thursday, July 28th. Finally, Scotiabank reissued a “sector perform” rating and set a C$76.00 price objective on shares of Loblaw Companies Limited in a report on Monday, July 25th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of C$78.83.
Loblaw Companies Limited (TSE:L) opened at 64.80 on Monday. The company has a 50 day moving average of $66.11 and a 200 day moving average of $69.43. The firm has a market capitalization of $26.20 billion and a PE ratio of 41.30. Loblaw Companies Limited has a 1-year low of $61.25 and a 1-year high of $74.59.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.61%.
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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