Loblaw Companies (TSE:L) had its price objective decreased by TD Securities from C$82.00 to C$80.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other brokerages also recently commented on L. Royal Bank of Canada raised their price objective on shares of Loblaw Companies from C$82.00 to C$85.00 and gave the company an outperform rating in a research report on Thursday, November 14th. Desjardins restated a hold rating on shares of Loblaw Companies in a research report on Thursday, November 28th. Finally, National Bank Financial raised their price objective on shares of Loblaw Companies from C$71.00 to C$72.00 and gave the company a sector perform rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Loblaw Companies has a consensus rating of Buy and a consensus target price of C$76.86.

Shares of TSE L opened at C$66.97 on Tuesday. Loblaw Companies has a fifty-two week low of C$62.67 and a fifty-two week high of C$76.31. The company has a 50 day simple moving average of C$69.11 and a two-hundred day simple moving average of C$70.36. The company has a market capitalization of $24.27 billion and a price-to-earnings ratio of 24.00. The company has a debt-to-equity ratio of 148.65, a quick ratio of 0.65 and a current ratio of 1.28.

Loblaw Companies (TSE:L) last posted its quarterly earnings results on Wednesday, November 13th. The company reported C$1.25 EPS for the quarter, missing the Zacks’ consensus estimate of C$1.26 by C($0.01). The firm had revenue of C$14.66 billion for the quarter, compared to analysts’ expectations of C$14.76 billion. On average, analysts forecast that Loblaw Companies will post 4.6500003 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Sunday, December 15th were given a $0.315 dividend. The ex-dividend date was Thursday, December 12th. This represents a $1.26 annualized dividend and a yield of 1.88%. Loblaw Companies’s dividend payout ratio (DPR) is 45.16%.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores comprising in-store pharmacies, other health and beauty product stores, apparel stores, and other general merchandise stores, as well as supports the PC Optimum reward program.

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Analyst Recommendations for Loblaw Companies (TSE:L)

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