Loblaw Companies Limited (TSE:L - Get Free Report) Senior Officer Nicholas Henn sold 4,000 shares of the stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of C$227.00, for a total value of C$908,000.00.
Loblaw Companies Price Performance
Shares of TSE:L traded up C$1.84 during trading on Friday, reaching C$232.70. The company had a trading volume of 1,029,802 shares, compared to its average volume of 414,734. The company has a fifty day moving average of C$214.40 and a two-hundred day moving average of C$195.35. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt-to-equity ratio of 166.11. The stock has a market capitalization of C$70.36 billion, a P/E ratio of 31.59, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. Loblaw Companies Limited has a 12 month low of C$152.51 and a 12 month high of C$235.17.
Loblaw Companies Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend was Friday, March 14th. Loblaw Companies's dividend payout ratio (DPR) is presently 27.83%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on L shares. National Bankshares upped their price objective on shares of Loblaw Companies from C$207.00 to C$234.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Scotiabank boosted their target price on shares of Loblaw Companies from C$215.00 to C$245.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. TD Securities increased their price target on shares of Loblaw Companies from C$195.00 to C$245.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Desjardins lifted their price objective on shares of Loblaw Companies from C$185.00 to C$230.00 and gave the company a "hold" rating in a research note on Thursday, May 1st. Finally, UBS Group upped their target price on Loblaw Companies from C$210.00 to C$253.00 in a research note on Thursday, May 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$236.88.
Check Out Our Latest Research Report on Loblaw Companies
Loblaw Companies Company Profile
(
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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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