Loblaw Companies Limited (TSE:L) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Loblaw Companies Limited has received a consensus rating of "Moderate Buy" from eight research firms, with two analysts recommending a hold and six issuing buy ratings.
• The average 1-year price target for Loblaw Companies is C$199.25, with various target prices from different firms ranging from C$60.00 to C$267.00.
• The company recently announced a quarterly dividend of $0.5643 per share, representing an annual dividend yield of 4.1%.

Loblaw Companies Limited (TSE:L - Get Free Report) has earned an average rating of "Moderate Buy" from the eight research firms that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$199.25.

A number of research firms recently weighed in on L. National Bankshares decreased their target price on Loblaw Companies from C$242.00 to C$60.00 in a report on Wednesday, August 20th. Scotiabank lifted their target price on shares of Loblaw Companies from C$61.00 to C$65.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Desjardins increased their price target on shares of Loblaw Companies from C$230.00 to C$235.00 and gave the company a "hold" rating in a report on Friday, July 25th. Royal Bank Of Canada upped their target price on Loblaw Companies from C$234.00 to C$267.00 in a research report on Monday, July 21st. Finally, TD Securities upped their price objective on Loblaw Companies from C$245.00 to C$250.00 and gave the company a "buy" rating in a report on Friday, July 25th.

Loblaw Companies Stock Up 1.0%

Shares of L stock opened at C$54.87 on Thursday. Loblaw Companies has a 52-week low of C$42.74 and a 52-week high of C$59.70. The stock has a market cap of C$65.24 billion, a price-to-earnings ratio of 27.20, a PEG ratio of 3.23 and a beta of 0.29. The firm's 50-day moving average is C$100.15 and its 200-day moving average is C$177.33. The company has a debt-to-equity ratio of 166.11, a quick ratio of 0.68 and a current ratio of 1.29.

Loblaw Companies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Wednesday, October 1st were issued a dividend of $0.5643 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.26 annualized dividend and a dividend yield of 4.1%. Loblaw Companies's dividend payout ratio (DPR) is currently 26.06%.

About Loblaw Companies

Loblaw is one of Canada's largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart.

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