Loblaw Companies Limited (TSE:L) Director Christie James Beckett Clark Sells 2,105 Shares

Loblaw Companies Limited (TSE:L - Get Free Report) Director Christie James Beckett Clark sold 2,105 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of C$189.69, for a total value of C$399,297.45.

Loblaw Companies Stock Down 0.6 %

Shares of TSE L opened at C$190.91 on Thursday. The firm's 50-day moving average is C$182.05 and its two-hundred day moving average is C$173.11. The company has a market capitalization of C$58.30 billion, a PE ratio of 28.93, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. Loblaw Companies Limited has a 12-month low of C$119.99 and a 12-month high of C$196.49. 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 30th will be paid a $0.513 dividend. This represents a $2.05 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Friday, December 13th. Loblaw Companies's payout ratio is currently 31.06%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on L shares. TD Securities decreased their target price 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. CIBC boosted their price objective on shares of Loblaw Companies from C$189.00 to C$206.00 in a report on Thursday, November 14th. Desjardins increased their target price on shares of Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday, November 14th. National Bankshares lifted their price target on shares of Loblaw Companies from C$188.00 to C$195.00 in a research report on Thursday, November 14th. Finally, Royal Bank of Canada upped their price target on Loblaw Companies from C$205.00 to C$217.00 and gave the stock an "outperform" rating in a report on Monday, December 9th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Loblaw Companies currently has a consensus rating of "Moderate Buy" and an average target price of C$197.00.


Is Starlink Set For The Largest IPO In History?
He turned PayPal from a tiny, off-the-radar startup… to a massive $64 billion giant. Then, he did it again with Tesla… which is up more than 19,500% since 2010. For perspective, that turns $100 invested into almost $20,000!
Click here now for the urgent details.


Read Our Latest Report on L

Loblaw Companies Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Loblaw Companies (TSE:L)

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.

Insider Buying or Selling at Loblaw Companies?
Sign-up to receive InsiderTrades.com's daily insider buying and selling report for Loblaw Companies and related companies.
Free Insider Buying and Selling Newsletter
Enter your email address below to receive InsiderTrades.com's daily insider buying and selling report.
From Our Partners

Most Read This Month

Recent Articles