Loblaw Companies (TSE:L) PT Raised to C$157.00 at Desjardins

Loblaw Companies (TSE:L - Free Report) had its price target boosted by Desjardins from C$148.00 to C$157.00 in a report published on Monday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other equities analysts have also recently commented on L. Scotiabank boosted their price target on shares of Loblaw Companies from C$146.00 to C$148.27 and gave the stock a sector perform rating in a research note on Monday, April 22nd. TD Securities boosted their price target on shares of Loblaw Companies from C$150.00 to C$160.00 and gave the stock a buy rating in a research note on Friday, February 23rd. CIBC cut their price target on shares of Loblaw Companies from C$150.00 to C$149.00 and set an outperform rating for the company in a research note on Friday, February 23rd. BMO Capital Markets upped their price objective on shares of Loblaw Companies from C$130.00 to C$145.00 in a research note on Friday, February 23rd. Finally, National Bankshares upped their price objective on shares of Loblaw Companies from C$153.00 to C$156.00 and gave the company an outperform rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of C$155.32.

Loblaw Companies Stock Performance

Shares of TSE L traded up C$0.27 during midday trading on Monday, hitting C$152.64. The company's stock had a trading volume of 250,617 shares, compared to its average volume of 368,594. The stock has a fifty day moving average price of C$148.22 and a 200 day moving average price of C$132.93. Loblaw Companies has a one year low of C$110.52 and a one year high of C$154.70. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 156.41. The firm has a market capitalization of C$47.21 billion, a price-to-earnings ratio of 23.41, a P/E/G ratio of 2.53 and a beta of 0.12.

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

Loblaw Companies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Monday, April 1st were paid a $0.446 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Thursday, March 14th. Loblaw Companies's dividend payout ratio (DPR) is presently 27.30%.

Insiders Place Their Bets

In other news, Senior Officer Kieran Barry Columb sold 10,000 shares of Loblaw Companies stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$150.00, for a total transaction of C$1,500,000.00. In other news, Senior Officer Kieran Barry Columb sold 10,000 shares of Loblaw Companies stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$150.00, for a total transaction of C$1,500,000.00. Also, Senior Officer Robert Wayne Wiebe sold 16,583 shares of Loblaw Companies stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$150.00, for a total transaction of C$2,487,450.00. In the last 90 days, insiders have sold 71,495 shares of company stock worth $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.