National Bankshares Raises Loblaw Companies (TSE:L) Price Target to C$156.00

Loblaw Companies (TSE:L - Free Report) had its target price raised by National Bankshares from C$153.00 to C$156.00 in a research note issued to investors on Monday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

L has been the subject of a number of other research reports. TD Securities lifted their price objective on shares of Loblaw Companies from C$150.00 to C$160.00 and gave the company a buy rating in a report on Friday, February 23rd. CIBC reduced their price target on Loblaw Companies from C$150.00 to C$149.00 and set an outperform rating for the company in a report on Friday, February 23rd. Desjardins lifted their price target on shares of Loblaw Companies from C$133.00 to C$148.00 and gave the company a buy rating in a research note on Friday, February 23rd. BMO Capital Markets lifted their price objective on Loblaw Companies from C$130.00 to C$145.00 in a report on Friday, February 23rd. Finally, Royal Bank of Canada increased their target price on Loblaw Companies from C$170.00 to C$172.00 and gave the company an outperform rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Loblaw Companies currently has a consensus rating of Moderate Buy and a consensus price target of C$153.71.

Loblaw Companies Trading Up 1.8 %

TSE L traded up C$2.64 during trading hours on Monday, hitting C$149.23. 355,687 shares of the company were exchanged, compared to its average volume of 377,764. The company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 156.41. Loblaw Companies has a 52 week low of C$110.52 and a 52 week high of C$154.70. The stock has a market cap of C$46.15 billion, a PE ratio of 22.89, a price-to-earnings-growth ratio of 2.53 and a beta of 0.12. The stock has a 50-day moving average price of C$145.20 and a 200 day moving average price of C$130.55.

Loblaw Companies (TSE:L - Get Free Report) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$2.00 earnings per share for the quarter, beating analysts' consensus estimates of C$1.92 by C$0.08. The company had revenue of C$14.53 billion for the quarter, compared to the consensus estimate of C$14.58 billion. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%. Analysts forecast that Loblaw Companies will post 8.4881297 earnings per share for the current fiscal year.

Loblaw Companies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, April 1st were given a dividend of $0.446 per share. The ex-dividend date was Thursday, March 14th. This represents a $1.78 dividend on an annualized basis and a yield of 1.20%. Loblaw Companies's dividend payout ratio (DPR) is 27.30%.

Insider Activity

In other news, Senior Officer Frank Gambioli sold 4,603 shares of the business's stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$144.00, for a total transaction of C$662,832.00. In other news, Senior Officer Kieran Barry Columb sold 10,000 shares of Loblaw Companies stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of C$150.00, for a total value of C$1,500,000.00. Also, Senior Officer Frank Gambioli sold 4,603 shares of the firm's stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total value of C$662,832.00. In the last 90 days, insiders have sold 71,495 shares of company stock valued at $10,547,163. Company insiders own 52.69% of the company's stock.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.