Insider Selling: Loblaw Companies Limited (TSE:L) Director Sells 7752 Shares of Stock – MarketBeat


- Advertisement -

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Loblaw Companies Limited (TSE:LGet Rating) Director Richard Dufresne sold 7,752 shares of Loblaw Companies stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of C$114.01, for a total value of C$883,789.24. Following the sale, the director now directly owns 9,533 shares in the company, valued at approximately C$1,086,837.31.

Loblaw Companies Price Performance

Shares of L stock traded down C$0.10 during trading hours on Thursday, reaching C$117.02. The company’s stock had a trading volume of 164,013 shares, compared to its average volume of 526,813. Loblaw Companies Limited has a fifty-two week low of C$90.46 and a fifty-two week high of C$124.77. The company has a market capitalization of C$37.91 billion and a price-to-earnings ratio of 19.89. The company has a quick ratio of 0.68, a current ratio of 1.34 and a debt-to-equity ratio of 152.06. The firm’s 50 day simple moving average is C$111.24 and its 200-day simple moving average is C$114.57.

Loblaw Companies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Thursday, December 15th will be paid a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Wednesday, December 14th. Loblaw Companies’s payout ratio is 26.01%.

Analysts Set New Price Targets

L has been the subject of a number of recent research reports. Scotiabank boosted their target price on Loblaw Companies from C$125.00 to C$126.50 in a research report on Thursday, November 17th. National Bankshares boosted their target price on Loblaw Companies from C$126.00 to C$130.00 and gave the company an “outperform” rating in a research note on Thursday, November 17th. CIBC boosted their price target on Loblaw Companies from C$136.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday, November 17th. ATB Capital upped their target price on Loblaw Companies from C$135.00 to C$140.00 in a report on Thursday, November 17th. Finally, TD Securities upped their target price on Loblaw Companies from C$130.00 to C$135.00 and gave the stock a “buy” rating in a report on Thursday, November 10th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to, Loblaw Companies has a consensus rating of “Moderate Buy” and an average target price of C$135.44.

About Loblaw Companies

(Get Rating)
Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.

See Also

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 MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to
Before you consider Loblaw Companies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Loblaw Companies wasn’t on the list.
While Loblaw Companies currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
As Featured By:
326 E 8th St #105, Sioux Falls, SD 57103
(844) 978-6257
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.


- Advertisement -


Please enter your comment!
Please enter your name here

Share post:




More like this

Genser supports TTU with gas turbine to boost technical training

Genser Energy, a leading energy company in Ghana, has...

Global bond funds register big outflows on rate worries

Global bond funds saw their biggest weekly outflows in...

HSBC to acquire Citigroup China consumer wealth business

HSBC is set to acquire Citigroup's China consumer wealth management...

Chinese loans to Africa plummet to near two-decade low – study

Chinese sovereign lending to Africa fell below $1 billion...