Loblaw Companies Limited (L) Price Target Increased to C$83.00 by Analysts at Royal Bank Of Canada
Loblaw Companies Limited (TSE:L) had its price objective increased by Royal Bank Of Canada from C$82.00 to C$83.00 in a research note issued to investors on Thursday morning. The firm currently has an outperform rating on the stock.
L has been the topic of a number of other reports. TD Securities boosted their price target on shares of Loblaw Companies Limited from C$84.00 to C$85.00 and gave the company a buy rating in a research note on Monday. Barclays PLC boosted their price target on shares of Loblaw Companies Limited from C$78.00 to C$80.00 in a research note on Thursday, July 28th. Scotiabank reissued a sector perform rating and issued a C$76.00 price target on shares of Loblaw Companies Limited in a research note on Monday, July 25th. National Bank Financial lifted their price objective on shares of Loblaw Companies Limited from C$74.00 to C$77.00 in a report on Thursday, July 28th. Finally, Dundee Securities restated a neutral rating and issued a C$76.00 price objective on shares of Loblaw Companies Limited in a report on Thursday, September 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of C$79.17.
Shares of Loblaw Companies Limited (TSE:L) traded down 0.29% during trading on Thursday, reaching $68.04. 109,352 shares of the company’s stock were exchanged. Loblaw Companies Limited has a 12-month low of $61.25 and a 12-month high of $74.59. The stock has a market cap of $27.51 billion and a P/E ratio of 43.37. The company has a 50 day moving average of $66.10 and a 200 day moving average of $69.41.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.52%.
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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