Scotiabank Increases Loblaw Companies (TSE:L) Price Target to C$148.27

Loblaw Companies (TSE:L) had its price target hoisted by equities researchers at Scotiabank from C$146.00 to C$148.27 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. Scotiabank’s price target suggests a potential downside of 1.37% from the stock’s current price.

L has been the subject of a number of other research reports. BMO Capital Markets increased their target price on shares of Loblaw Companies from C$130.00 to C$145.00 in a research report on Friday, February 23rd. Royal Bank of Canada boosted their price objective on Loblaw Companies from C$170.00 to C$172.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. CIBC lowered their price objective on Loblaw Companies from C$150.00 to C$149.00 and set an “outperform” rating on the stock in a research note on Friday, February 23rd. TD Securities boosted their price objective on Loblaw Companies from C$150.00 to C$160.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, National Bankshares boosted their price objective on Loblaw Companies from C$153.00 to C$156.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$154.04.

Loblaw Companies Stock Down 0.2 %

L stock opened at C$150.33 on Monday. The firm has a 50-day moving average price of C$147.29 and a 200-day moving average price of C$132.16. The stock has a market capitalization of C$46.49 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 2.53 and a beta of 0.12. Loblaw Companies has a 12 month low of C$110.52 and a 12 month high of C$154.70. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 156.41.

Loblaw Companies (TSE:L) last issued its quarterly earnings data on Thursday, February 22nd. The company reported C$2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.92 by C$0.08. The business had revenue of C$14.53 billion during the quarter, compared to analyst estimates of C$14.58 billion. Loblaw Companies had a net margin of 3.53% and a return on equity of 18.96%. As a group, equities research analysts anticipate that Loblaw Companies will post 8.4881297 EPS for the current fiscal year.

Insider Transactions at Loblaw Companies

In related news, Director Willard Galen Garfield Weston sold 13,354 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$145.84, for a total value of C$1,947,558.04. In related news, Director Willard Galen Garfield Weston sold 13,354 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of C$145.84, for a total value of C$1,947,558.04. Also, Senior Officer Frank Gambioli sold 4,603 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total value of C$662,832.00. Over the last 90 days, insiders sold 71,495 shares of company stock valued at $10,547,163. 52.69% of the stock is owned by corporate insiders.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services 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.