Loblaw Companies Limited (L) Given New C$80.00 Price Target at Barclays PLC

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Loblaw Companies Limited (TSE:L) had its price target raised by stock analysts at Barclays PLC from C$78.00 to C$80.00 in a report released on Thursday. Barclays PLC’s target price points to a potential upside of 16.84% from the stock’s current price.
L has been the subject of a number of other reports. Desjardins lifted their price target on shares of Loblaw Companies Limited from C$76.00 to C$77.00 in a research report on Thursday, May 5th. CIBC cut their price objective on Loblaw Companies Limited from C$87.00 to C$80.00 in a research report on Thursday, May 5th. BMO Capital Markets lifted their price objective on Loblaw Companies Limited from C$77.00 to C$80.00 in a research report on Thursday, May 5th. TD Securities restated a “buy” rating and set a C$80.00 price objective on shares of Loblaw Companies Limited in a research report on Tuesday, July 26th. Finally, National Bank Financial lifted their price objective on Loblaw Companies Limited from C$73.00 to C$74.00 and gave the stock an “outperform” rating in a research report on Thursday, May 5th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Loblaw Companies Limited presently has an average rating of “Buy” and a consensus target price of C$79.55.
Shares of Loblaw Companies Limited (TSE:L) traded down 0.85% on Thursday, reaching $68.47. The company had a trading volume of 1,810,458 shares. Loblaw Companies Limited has a 1-year low of $61.25 and a 1-year high of $74.59. The firm has a 50-day moving average price of $71.47 and a 200 day moving average price of $70.80. The firm has a market capitalization of $27.69 billion and a price-to-earnings ratio of 43.64.

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The firm also recently declared a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Thursday, September 15th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.52%.
Loblaw Companies Limited Company Profile
Loblaw Companies Limited (Loblaw) is a Canada-based holding company. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial products and services. The Company operates through three segments: Retail, Financial Services and Choice Properties.

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