TD Securities Boosts Loblaw Companies Ltd (L) Price Target to C$81.00

Loblaw Companies Ltd (TSE:L) had its price target increased by TD Securities from C$78.00 to C$81.00 in a report published on Thursday.

Other research analysts have also issued reports about the stock. Eight Capital reduced their price objective on shares of Loblaw Companies from C$82.00 to C$78.00 in a research note on Friday, July 21st. Raymond James Financial, Inc. reduced their price objective on shares of Loblaw Companies from C$81.00 to C$80.00 and set an outperform rating for the company in a research note on Thursday, July 27th. National Bank Financial reduced their price objective on shares of Loblaw Companies from C$81.00 to C$78.00 and set an outperform rating for the company in a research note on Thursday, July 27th. BMO Capital Markets reduced their price objective on shares of Loblaw Companies from C$85.00 to C$82.00 and set an outperform rating for the company in a research note on Thursday, July 27th. Finally, Scotiabank reduced their price objective 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 note on Thursday, July 27th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Loblaw Companies has an average rating of Buy and a consensus target price of C$80.60.

Loblaw Companies (TSE:L) opened at C$69.24 on Thursday. Loblaw Companies has a one year low of C$64.65 and a one year high of C$78.87.

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The company also recently declared a quarterly dividend, which will be paid on Saturday, December 30th. Stockholders of record on Friday, December 15th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, December 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.56%. Loblaw Companies’s dividend payout ratio (DPR) is currently 25.06%.

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.

Analyst Recommendations for Loblaw Companies (TSE:L)

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