Loblaw Companies Limited (TSE:L) had its price objective hoisted by analysts at TD Securities from C$84.00 to C$85.00 in a research note issued on Monday. The firm currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 23.06% from the company’s current price.

L has been the subject of a number of other reports. Royal Bank Of Canada upped their target price on Loblaw Companies Limited from C$78.00 to C$80.00 in a research report on Thursday, July 28th. RBC Capital Markets upped their target price on Loblaw Companies Limited from C$78.00 to C$80.00 in a research report on Thursday, July 28th. Raymond James Financial Inc. upped their target price on Loblaw Companies Limited from C$78.00 to C$80.00 in a research report on Thursday, July 28th. National Bank Financial upped their target price on Loblaw Companies Limited from C$74.00 to C$77.00 in a research report on Thursday, July 28th. Finally, Desjardins upped their target price on Loblaw Companies Limited from C$77.00 to C$80.00 in a research report on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$79.09.

Analyst Recommendations for Loblaw Companies Limited (TSE:L)

Shares of Loblaw Companies Limited (TSE:L) opened at 69.07 on Monday. The stock has a 50 day moving average price of $66.21 and a 200-day moving average price of $69.39. Loblaw Companies Limited has a 52 week low of $61.25 and a 52 week high of $74.59. The firm has a market capitalization of $27.93 billion and a price-to-earnings ratio of 44.02.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 30th. Shareholders of record on Thursday, December 15th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.51%.

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Loblaw Companies Limited Company Profile

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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