Loblaw Companies Ltd (L) Receives Consensus Rating of “Buy” from Analysts

Loblaw Companies Ltd (TSE:L) has been assigned an average recommendation of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$80.60.

Several research analysts have recently commented on the company. TD Securities raised their price target on Loblaw Companies from C$78.00 to C$81.00 in a research report on Thursday, November 16th. Barclays raised their price target on Loblaw Companies from C$74.00 to C$75.00 in a research report on Thursday, November 16th. CIBC lowered their price target on Loblaw Companies from C$84.00 to C$83.00 in a research report on Thursday, November 16th. Desjardins set a C$84.00 price target on Loblaw Companies and gave the stock a “buy” rating in a research report on Thursday, November 16th. Finally, Eight Capital raised their price target on Loblaw Companies from C$73.00 to C$75.00 in a research report on Thursday, November 16th.

Loblaw Companies (TSE L) traded up C$0.11 during mid-day trading on Monday, reaching C$68.30. The company’s stock had a trading volume of 333,398 shares, compared to its average volume of 549,854. Loblaw Companies has a one year low of C$64.65 and a one year high of C$78.87.

The firm also recently declared a quarterly dividend, which will be paid on Saturday, December 30th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, December 14th. Loblaw Companies’s dividend payout ratio (DPR) is 25.30%.

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Loblaw Companies Company Profile

Loblaw Companies Limited is a Canada-based holding company. The Company operates through three segments: Retail, Financial Services and Choice Properties. The Company’s Retail segment consists of corporate and franchise-owned retail food and Associate-owned drug stores, and includes in-store pharmacies and other health and beauty products, gas bars, apparel and other general merchandise.

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