Loblaw Companies (L) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for Loblaw Companies (TSE: L):

• 11/14/2024 – Loblaw Companies had its price target lowered by analysts at TD Securities from C$203.00 to C$202.00. They now have a “buy” rating on the stock.
• 11/14/2024 – Loblaw Companies had its price target raised by analysts at CIBC from C$189.00 to C$206.00.
• 11/14/2024 – Loblaw Companies had its price target raised by analysts at Desjardins from C$172.00 to C$190.00.
• 11/14/2024 – Loblaw Companies had its price target raised by analysts at National Bankshares, Inc. from C$188.00 to C$195.00.
• 11/12/2024 – Loblaw Companies had its price target raised by analysts at Royal Bank of Canada from C$183.00 to C$205.00.
• 11/8/2024 – Loblaw Companies had its price target raised by analysts at TD Securities from C$186.00 to C$203.00. They now have a “buy” rating on the stock.
• 10/17/2024 – Loblaw Companies had its price target raised by analysts at National Bankshares, Inc. from C$175.00 to C$188.00. They now have an “outperform” rating on the stock.

Loblaw Companies Stock Performance

TSE:L traded up C$2.15 during mid-day trading on Wednesday, reaching C$180.77. 261,244 shares of the company’s stock were exchanged, compared to its average volume of 357,436. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.68 and a current ratio of 1.36. Loblaw Companies Limited has a one year low of C$116.81 and a one year high of C$188.77. The firm has a market capitalization of C$55.21 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. The business’s fifty day simple moving average is C$177.77 and its two-hundred day simple moving average is C$169.37.

Loblaw Companies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Sunday, December 15th will be issued a dividend of $0.513 per share. This represents a $2.05 dividend on an annualized basis and a yield of 1.14%. Loblaw Companies’s dividend payout ratio is currently 31.06%.

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.