Loblaw Companies Limited (TSE:L - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$61.86 and traded as high as C$62.76. Loblaw Companies shares last traded at C$62.67, with a volume of 1,014,217 shares traded.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on L shares. National Bank Financial raised their target price on Loblaw Companies from C$62.00 to C$66.00 and gave the company an "outperform" rating in a report on Wednesday, January 28th. Desjardins raised their target price on Loblaw Companies from C$67.00 to C$70.00 and gave the company a "buy" rating in a report on Thursday, February 26th. Royal Bank Of Canada raised their target price on Loblaw Companies from C$68.00 to C$72.00 and gave the company an "outperform" rating in a report on Friday, January 23rd. TD Securities raised their target price on Loblaw Companies from C$65.00 to C$75.00 and gave the company a "buy" rating in a report on Monday, February 23rd. Finally, BMO Capital Markets raised their price target on Loblaw Companies from C$63.00 to C$68.00 and gave the company a "market perform" rating in a research report on Monday, February 23rd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Loblaw Companies has an average rating of "Moderate Buy" and a consensus price target of C$92.63.
View Our Latest Stock Report on Loblaw Companies
Loblaw Companies Trading Up 1.0%
The firm has a market capitalization of C$73.45 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 3.23 and a beta of 0.30. The business has a 50-day moving average of C$63.70 and a two-hundred day moving average of C$61.86. The company has a quick ratio of 0.68, a current ratio of 1.08 and a debt-to-equity ratio of 227.92.
Loblaw Companies (TSE:L - Get Free Report) last released its earnings results on Wednesday, February 25th. The company reported C$0.67 earnings per share for the quarter. Loblaw Companies had a return on equity of 24.03% and a net margin of 4.17%.The business had revenue of C$15.70 billion for the quarter. Research analysts predict that Loblaw Companies Limited will post 9.1225541 EPS for the current fiscal year.
Loblaw Companies Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.1411 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, March 13th. Loblaw Companies's payout ratio is presently 24.84%.
About Loblaw Companies
(
Get Free Report)
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. The firm carries a robust private-label assortment, with top sellers like President's Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Loblaw Companies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Loblaw Companies wasn't on the list.
While Loblaw Companies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply click the link below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
