Loblaw Companies Limited (TSE:L) Receives Average Recommendation of "Moderate Buy" from Brokerages

Key Points

• Moderate Buy consensus from seven brokers (five buys, two holds) with an average 1‑year price target of C$92.63.
• Analysts have mostly raised targets—TD to C$75, RBC to C$72, Desjardins to C$70 and National Bank to C$66—though Scotiabank downgraded the stock to a "hold" at C$70, showing mixed sentiment.
• Loblaw trades around C$62.67 with a market cap of C$73.45B, a P/E of 28.23, recent quarterly EPS of C$0.67, and an annualized dividend of C$0.56 (≈0.9% yield).

Shares of Loblaw Companies Limited (TSE:L - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$92.63.

A number of equities analysts have weighed in on L shares. Desjardins boosted their target price on Loblaw Companies from C$67.00 to C$70.00 and gave the stock a "buy" rating in a research report on Thursday, February 26th. Scotiabank downgraded shares of Loblaw Companies from an "outperform" rating to a "hold" rating and set a C$70.00 price target on the stock. in a report on Thursday, April 9th. Royal Bank Of Canada lifted their price target on shares of Loblaw Companies from C$68.00 to C$72.00 and gave the stock an "outperform" rating in a research note on Friday, January 23rd. TD Securities boosted their price objective on shares of Loblaw Companies from C$65.00 to C$75.00 and gave the company a "buy" rating in a report on Monday, February 23rd. Finally, National Bank Financial increased their price objective on shares of Loblaw Companies from C$62.00 to C$66.00 and gave the company an "outperform" rating in a research report on Wednesday, January 28th.

Loblaw Companies Stock Performance

Shares of L opened at C$62.67 on Monday. The company has a market cap of C$73.45 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 3.23 and a beta of 0.30. The business's fifty day simple moving average is C$63.70 and its two-hundred day simple moving average is C$61.97. Loblaw Companies has a 12 month low of C$52.92 and a 12 month high of C$69.59. The company has a current ratio of 1.08, a quick ratio of 0.68 and a debt-to-equity ratio of 227.92.

Loblaw Companies (TSE:L - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported C$0.67 earnings per share for the quarter. The firm had revenue of C$15.70 billion during the quarter. Loblaw Companies had a return on equity of 24.03% and a net margin of 4.17%. Research analysts anticipate that Loblaw Companies will post 9.1225541 earnings per share for the current fiscal year.

Loblaw Companies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.1411 per share. This represents a $0.56 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Friday, March 13th. Loblaw Companies's payout ratio is currently 24.84%.

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. The firm carries a robust private-label assortment, with top sellers like President's Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.