Loblaw Companies (TSE:L) Price Target Cut to C$210.00 by Analysts at UBS Group

Loblaw Companies (TSE:L) had its target price cut by UBS Group from C$225.00 to C$210.00 in a research report sent to investors on Friday,BayStreet.CA reports.

Other research analysts have also recently issued reports about the company. CIBC boosted their target price on Loblaw Companies from C$206.00 to C$208.00 in a research note on Friday. Scotiabank downgraded Loblaw Companies from an “outperform” rating to a “sector perform” rating and set a C$200.00 price target for the company. in a report on Wednesday, January 8th. Royal Bank of Canada lifted their price target on Loblaw Companies from C$205.00 to C$217.00 and gave the stock an “outperform” rating in a report on Monday, December 9th. Desjardins lifted their price target on Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday, November 14th. Finally, TD Securities decreased their price target on Loblaw Companies from C$202.00 to C$195.00 in a report on Friday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Loblaw Companies currently has a consensus rating of “Moderate Buy” and an average target price of C$199.38.

Loblaw Companies Trading Up 0.7 %

L opened at C$175.89 on Friday. Loblaw Companies has a 12 month low of C$138.13 and a 12 month high of C$196.49. The stock has a market capitalization of C$53.18 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 166.11, a current ratio of 1.29 and a quick ratio of 0.68. The business has a fifty day moving average price of C$184.16 and a 200 day moving average price of C$179.84.

Loblaw Companies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 30th were issued a $0.513 dividend. This represents a $2.05 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, December 13th. Loblaw Companies’s payout ratio is currently 27.83%.

Insider Activity

In other news, Director Christie James Beckett Clark sold 2,105 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of C$189.69, for a total value of C$399,297.45. Company insiders own 53.77% of the company’s stock.

About Loblaw Companies

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.