Loblaw Companies (TSE:L) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Loblaw Companies Limited (TSE:L - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$188.22 and traded as high as C$219.45. Loblaw Companies shares last traded at C$218.36, with a volume of 241,141 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on L shares. UBS Group lowered their price objective on shares of Loblaw Companies from C$225.00 to C$210.00 in a research report on Friday, February 21st. BMO Capital Markets lifted their price target on Loblaw Companies from C$180.00 to C$200.00 in a report on Monday, April 21st. Scotiabank raised Loblaw Companies from a "sector perform" rating to an "outperform" rating and increased their price objective for the stock from C$190.00 to C$215.00 in a research note on Friday, April 11th. National Bankshares boosted their price objective on shares of Loblaw Companies from C$192.00 to C$207.00 in a research report on Thursday, April 10th. Finally, Royal Bank of Canada increased their target price on shares of Loblaw Companies from C$215.00 to C$234.00 in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$207.38.

Loblaw Companies Stock Up 0.3 %

The company has a market capitalization of C$66.02 billion, a P/E ratio of 29.64, a P/E/G ratio of 3.23 and a beta of 0.17. The business's fifty day moving average price is C$198.02 and its 200 day moving average price is C$188.22. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt-to-equity ratio of 166.11.

Loblaw Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, April 1st were paid a $0.513 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.05 annualized dividend and a dividend yield of 0.94%. Loblaw Companies's dividend payout ratio is presently 27.83%.

Insider Buying and Selling at Loblaw Companies

In related news, Senior Officer Kieran Barry Columb sold 11,309 shares of Loblaw Companies stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$186.55, for a total value of C$2,109,706.39. Also, Director Richard Dufresne sold 25,783 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$186.55, for a total transaction of C$4,809,847.01. Insiders have sold a total of 141,456 shares of company stock worth $25,966,244 over the last ninety days. Corporate insiders own 53.77% of the company's stock.

Loblaw Companies Company Profile

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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