Loblaw Companies Limited (TSE:L) Director Sells C$399,297.45 in Stock

Loblaw Companies Limited (TSE:L) Director Christie James Beckett Clark sold 2,105 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$189.69, for a total value of C$399,297.45.

Loblaw Companies Stock Performance

Shares of L stock opened at C$190.62 on Friday. The company has a fifty day moving average price of C$182.60 and a two-hundred day moving average price of C$173.36. Loblaw Companies Limited has a one year low of C$123.96 and a one year high of C$196.49. The stock has a market cap of C$58.21 billion, a P/E ratio of 28.88, a P/E/G ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68.

Loblaw Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 30th will be issued a dividend of $0.513 per share. This represents a $2.05 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Friday, December 13th. Loblaw Companies’s payout ratio is currently 31.06%.

Analysts Set New Price Targets

L has been the topic of several research reports. Royal Bank of Canada boosted their target price on Loblaw Companies from C$205.00 to C$217.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. TD Securities cut their price objective on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. National Bankshares raised their target price on shares of Loblaw Companies from C$188.00 to C$195.00 in a research report on Thursday, November 14th. Desjardins boosted their price target on shares of Loblaw Companies from C$172.00 to C$190.00 in a research report on Thursday, November 14th. Finally, CIBC increased their price objective on shares of Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$197.00.

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.