Scotia Cuts Loblaw Companies (TSE:L) Price Target to C$64.00

Key Points

• Scotia lowered its price target on Loblaw from C$70.00 to C$64.00 and left a "sector perform" rating, with the new target implying roughly a 6.1% upside from the most recent close.
• Analyst views are mixed but skew positive: the Street average price target is C$69.25 with four Buys and three Holds, as firms like TD, RBC and BMO have raised targets while others (CIBC, Scotiabank) have trimmed theirs.
• Recent results and shareholder actions: Q1 EPS was C$0.52 on C$14.48B revenue, Loblaw raised its quarterly dividend and won approval for a renewed buyback, though it missed some revenue estimates.

Loblaw Companies (TSE:L - Get Free Report) had its price target decreased by Scotia from C$70.00 to C$64.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. Scotia's target price would indicate a potential upside of 6.12% from the stock's previous close.

Several other brokerages have also recently issued reports on L. BMO Capital Markets increased their target price on Loblaw Companies from C$63.00 to C$68.00 and gave the company a "market perform" rating in a research report on Monday, February 23rd. Royal Bank Of Canada boosted their target price on shares of Loblaw Companies from C$68.00 to C$72.00 and gave the stock an "outperform" rating in a report on Friday, January 23rd. Scotiabank lowered Loblaw Companies from an "outperform" rating to a "hold" rating and set a C$70.00 price objective for the company. in a research note on Thursday, April 9th. TD Securities upped their target price on Loblaw Companies from C$65.00 to C$75.00 and gave the stock a "buy" rating in a research note on Monday, February 23rd. Finally, Canadian Imperial Bank of Commerce reduced their price target on Loblaw Companies from C$75.00 to C$69.00 in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, Loblaw Companies currently has an average rating of "Moderate Buy" and an average price target of C$69.25.

Loblaw Companies Trading Up 1.0%

L traded up C$0.58 during trading on Thursday, reaching C$60.31. The company had a trading volume of 611,698 shares, compared to its average volume of 1,354,069. The company has a quick ratio of 0.68, a current ratio of 1.08 and a debt-to-equity ratio of 227.92. The business has a 50 day simple moving average of C$62.93 and a 200-day simple moving average of C$62.18. The stock has a market cap of C$70.68 billion, a P/E ratio of 27.17, a PEG ratio of 3.23 and a beta of 0.31. Loblaw Companies has a 52 week low of C$52.92 and a 52 week high of C$69.59.

Loblaw Companies (TSE:L - Get Free Report) last released its earnings results on Wednesday, May 6th. The company reported C$0.52 earnings per share (EPS) for the quarter. Loblaw Companies had a net margin of 4.17% and a return on equity of 24.03%. The firm had revenue of C$14.48 billion during the quarter. On average, equities analysts anticipate that Loblaw Companies will post 9.1225541 EPS for the current fiscal year.

Loblaw Companies News Summary

Here are the key news stories impacting Loblaw Companies this week:

• Positive Sentiment: Loblaw raised its quarterly dividend, signaling confidence in cash flow and returning capital to shareholders. Loblaw reports Q1 profit and sales up from year ago, raises quarterly dividend
• Positive Sentiment: The company received approval to renew a share buyback program, which can support the share price and EPS over time. Loblaw Gets Go Ahead for Renewed Share Buyback Program
• Positive Sentiment: Adjusted diluted net earnings per common share grew ~10.6%; Q1 EPS was C$0.52 and net margin/ROE remain healthy, supporting profitability metrics. Loblaw Reports First Quarter Revenue Growth of 4.2% and Adjusted Diluted Net Earnings Per Common Share Growth of 10.6%
• Positive Sentiment: Management highlighted that expansion of discount banners is driving traffic and margin improvement, helping Q1 profit growth. Loblaw profit climbs as discount stores fuel growth
• Neutral Sentiment: Retail revenue for Q1 was about C$14.48B (close to C$14.5B), reflecting ~4.2% year-over-year growth — a solid top line but mixed versus expectations. Loblaw reports Q1 retail revenue of close to $14.5 billion
• Neutral Sentiment: Management commentary and details are available in the Q1 earnings call transcript for investors seeking guidance and category-level color. Loblaw Q1 2026 Earnings Call Transcript
• Negative Sentiment: Despite revenue growth, the company missed some analysts’ revenue estimates this quarter, which tempers the headline results and is likely why some investors were cautious. Canada's Loblaw misses first-quarter revenue estimates

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.

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