Shares of Loblaw Companies Ltd (TSE:L) have been given a consensus rating of “Buy” by the eleven ratings firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$81.00.
A number of equities analysts have issued reports on L shares. BMO Capital Markets reduced their price target on shares of Loblaw Companies from C$85.00 to C$82.00 and set an “outperform” rating for the company in a research report on Thursday, July 27th. Desjardins reduced their price target on shares of Loblaw Companies from C$85.00 to C$81.00 and set a “buy” rating for the company in a research report on Thursday, June 22nd. National Bank Financial reduced their price target on shares of Loblaw Companies from C$81.00 to C$78.00 and set an “outperform” rating for the company in a research report on Thursday, July 27th. Scotiabank reduced their price target on shares of Loblaw Companies from C$79.00 to C$76.00 and set a “sector perform” rating for the company in a research report on Thursday, July 27th. Finally, Eight Capital reduced their price target on shares of Loblaw Companies from C$82.00 to C$78.00 in a research report on Friday, July 21st.
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Loblaw Companies (TSE L) opened at 66.63 on Wednesday. The stock’s 50 day moving average is $67.08 and its 200 day moving average is $71.78. Loblaw Companies has a 12-month low of $62.33 and a 12-month high of $78.87. The stock has a market capitalization of $26.28 billion and a PE ratio of 22.25.
Loblaw Companies (TSE:L) last announced its quarterly earnings data on Wednesday, July 26th. The company reported C$1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.10 by C$0.01. The firm had revenue of C$11.08 billion during the quarter, compared to analyst estimates of C$10.96 billion. Loblaw Companies had a net margin of 3.29% and a return on equity of 12.17%. Equities analysts anticipate that Loblaw Companies will post $4.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.62%. The ex-dividend date of this dividend is Thursday, September 14th.
Loblaw Companies Company Profile
Loblaw Companies Limited is a Canada-based holding company. The Company operates through three segments: Retail, Financial Services and Choice Properties. The Company’s Retail segment consists of corporate and franchise-owned retail food and Associate-owned drug stores, and includes in-store pharmacies and other health and beauty products, gas bars, apparel and other general merchandise.
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