S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
What to Expect from the Markets in a Recession
China July exports rise, with trade surplus at record-high
What's in Democrats' big bill? Climate, health care, savings
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
Dems push Biden climate, health priorities toward Senate OK
TSE:L

Loblaw Companies - L Stock Forecast, Price & News

C$116.52
-1.87 (-1.58%)
(As of 08/5/2022 08:50 PM ET)
Add
Compare
Today's Range
C$115.97
C$118.74
50-Day Range
C$109.74
C$121.73
52-Week Range
C$83.32
C$123.18
Volume
326,810 shs
Average Volume
570,558 shs
Market Capitalization
C$38.18 billion
P/E Ratio
19.68
Dividend Yield
1.39%
Price Target
C$123.78

Loblaw Companies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
6.2% Upside
C$123.78 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.21mentions of Loblaw Companies in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
C$1.40 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.47 out of 5 stars

L stock logo

About Loblaw Companies (TSE:L) Stock

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. This segment also includes in-store pharmacies, other health and beauty product stores, apparel stores, and other general merchandise stores. The Financial Services segment provides credit card and banking services, the PC Optimum program, insurance brokerage services, and telecommunication services. It also offers PC Health app, a health and wellness app that provides Canadians with access to healthcare resources and support. Loblaw Companies Limited provides its products and services under various brands. The company was founded in 1919 and is headquartered in Brampton, Canada. Loblaw Companies Limited operates as a subsidiary of George Weston Limited.

Loblaw Companies Stock Performance

TSE:L traded down C$1.87 during trading hours on Friday, reaching C$116.52. 318,086 shares of the company were exchanged, compared to its average volume of 570,558. Loblaw Companies has a 1 year low of C$83.32 and a 1 year high of C$123.18. The business's 50 day simple moving average is C$116.21 and its 200-day simple moving average is C$111.36. The company has a quick ratio of 0.71, a current ratio of 1.35 and a debt-to-equity ratio of 147.69. The stock has a market capitalization of C$38.18 billion and a P/E ratio of 19.68.

Loblaw Companies (TSE:L - Get Rating) last posted its quarterly earnings data on Wednesday, July 27th. The company reported C$1.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.62 by C$0.07. The company had revenue of C$12.85 billion for the quarter, compared to analysts' expectations of C$12.95 billion. On average, equities research analysts expect that Loblaw Companies will post 7.13 earnings per share for the current year.

Loblaw Companies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 1st. Investors of record on Thursday, September 15th will be paid a dividend of $0.405 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $1.62 annualized dividend and a yield of 1.39%. Loblaw Companies's dividend payout ratio is currently 25.34%.

Analysts Set New Price Targets

Several research analysts recently issued reports on L shares. National Bankshares increased their target price on shares of Loblaw Companies from C$125.00 to C$127.00 and gave the stock an "outperform" rating in a research note on Thursday, July 28th. Desjardins increased their target price on shares of Loblaw Companies from C$116.00 to C$124.00 in a research note on Thursday, July 28th. Royal Bank of Canada raised their price objective on shares of Loblaw Companies from C$133.00 to C$154.00 and gave the company an "outperform" rating in a research note on Thursday, July 28th. Scotiabank raised their price objective on shares of Loblaw Companies from C$116.00 to C$118.00 in a research note on Thursday, July 28th. Finally, TD Securities raised their price objective on shares of Loblaw Companies from C$125.00 to C$130.00 and gave the company a "buy" rating in a research note on Thursday, July 28th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$123.78.

Insider Activity at Loblaw Companies

In related news, Director Richard Dufresne sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of C$112.55, for a total transaction of C$562,772.00. Following the completion of the transaction, the director now owns 5,884 shares of the company's stock, valued at C$662,270.09. In other Loblaw Companies news, Senior Officer Kieran Barry Columb sold 7,000 shares of Loblaw Companies stock in a transaction that occurred on Friday, July 29th. The shares were sold at an average price of C$120.00, for a total transaction of C$840,000.00. Following the completion of the sale, the insider now directly owns 32,021 shares in the company, valued at C$3,842,520. Also, Director Richard Dufresne sold 5,000 shares of Loblaw Companies stock in a transaction that occurred on Wednesday, June 15th. The shares were sold at an average price of C$112.55, for a total transaction of C$562,772.00. Following the sale, the director now owns 5,884 shares of the company's stock, valued at C$662,270.09.

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L Stock News Headlines

US Dollar Replaced By "Biden Bucks"?
A former advisor to the CIA and Pentagon now believes President Biden plans to retire the US dollar we know. And replace it with what he calls 'Biden Bucks'. It is underway.
CIBC Boosts Loblaw Companies (TSE:L) Price Target to C$136.00
The Answer is Opportunity…
We’re giving away the three best opportunities we have found this year. If you’re an investor - then pay close attention because… These 3 have the most important criteria we look for. Click Here to See My Top 3 Opportunities. pixel
Can Loblaws Continue to Soar in 2022?
Loblaw Reports 2022 Second Quarter Results
Loblaw Companies (TSE:L) Hits New 52-Week High at $120.60
GobiMin at 52-Week High on News
TSX Finishes Moderately Negative
TSX Slumps on Higher Rates
2 Safer Stocks to Buy in a Bear Market
Mission Produce: Staying On The Sidelines
Stocks in play: Loblaw Companies
See More Headlines
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L Company Calendar

Ex-Dividend for 7/1 Dividend
6/14/2022
Dividend Payable
7/01/2022
Last Earnings
7/27/2022
Today
8/07/2022
Ex-Dividend for 10/1 Dividend
9/14/2022
Dividend Payable
10/01/2022
Next Earnings (Estimated)
11/16/2022

Industry, Sector and Symbol

Industry
Grocery Stores
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
12,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$123.78
High Stock Price Forecast
C$154.00
Low Stock Price Forecast
C$87.00
Forecasted Upside/Downside
+6.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$53.92 billion
Cash Flow
C$5.00 per share
Book Value
C$33.47 per share

Miscellaneous

Free Float
N/A
Market Cap
C$38.18 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Galen G. Weston B.A. (Age 49)
    M.B.A, M.B.A., Exec. Chairman, Pres, CEO & Member of Management Board
    Comp: $2.93M
  • Mr. Richard Dufresne
    CFO & Member of Management Board
  • Ms. Jocyanne C. Bourdeau (Age 54)
    Pres of Discount Division & Member of Management Board
    Comp: $1.92M
  • Mr. Greg Ramier
    Pres of Market Division & Member of Management Board
  • Mr. Robert Sawyer (Age 68)
    COO & Member of Management Board
    Comp: $3.72M
  • Mr. Barry Kieran Columb (Age 57)
    Pres of Pres's Choice Financial & Member of Management Board
  • Mr. Kevin Groh
    Sr. VP of Corp. Affairs & Communications and Member of Management Board
  • Mr. Mark W. H. Wilson (Age 51)
    Exec. VP, Chief HR Officer & Member of Management Board
  • Mr. Ian Freedman
    Member of Management Board & Pres of Joe Fresh
  • Mr. Jeffery Leger
    Member of Management Board & Pres of Shoppers Drug Mart













L Stock - Frequently Asked Questions

Should I buy or sell Loblaw Companies stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Loblaw Companies in the last year. There are currently 1 sell rating, 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Loblaw Companies stock.
View analyst ratings for Loblaw Companies
or view top-rated stocks.

What is Loblaw Companies' stock price forecast for 2022?

7 equities research analysts have issued 12 month price objectives for Loblaw Companies' stock. Their L stock forecasts range from C$87.00 to C$154.00. On average, they expect Loblaw Companies' share price to reach C$123.78 in the next twelve months. This suggests a possible upside of 6.2% from the stock's current price.
View analysts' price targets for Loblaw Companies
or view top-rated stocks among Wall Street analysts.

How has Loblaw Companies' stock performed in 2022?

Loblaw Companies' stock was trading at C$103.64 at the start of the year. Since then, L shares have increased by 12.4% and is now trading at C$116.52.
View the best growth stocks for 2022 here
.

When is Loblaw Companies' next earnings date?

Loblaw Companies is scheduled to release its next quarterly earnings announcement on Wednesday, November 16th 2022.
View our earnings forecast for Loblaw Companies
.

How were Loblaw Companies' earnings last quarter?

Loblaw Companies Limited (TSE:L) issued its quarterly earnings data on Wednesday, July, 27th. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.62 by $0.07. The company had revenue of $12.85 billion for the quarter, compared to the consensus estimate of $12.95 billion.

How often does Loblaw Companies pay dividends? What is the dividend yield for Loblaw Companies?

Loblaw Companies declared a quarterly dividend on Wednesday, July 27th. Investors of record on Thursday, September 15th will be paid a dividend of 0.405 per share on Saturday, October 1st. This represents a $1.62 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Wednesday, September 14th.
View Loblaw Companies' dividend history
.

Is Loblaw Companies a good dividend stock?

Loblaw Companies(TSE:L) pays an annual dividend of C$1.50 per share and currently has a dividend yield of 1.39%. The dividend payout ratio of Loblaw Companies is 25.34%. This payout ratio is at a healthy, sustainable level, below 75%.
View Loblaw Companies' dividend history.

What other stocks do shareholders of Loblaw Companies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Loblaw Companies investors own include George Weston (WN), Enbridge (ENB), Toronto-Dominion Bank (TD), Suncor Energy (SU), Bank of Nova Scotia (BNS), Royal Bank of Canada (RY), BCE (BCE), Bank of Montreal (BMO), Dollarama (DOL) and Manulife Financial (MFC).

What is Loblaw Companies' stock symbol?

Loblaw Companies trades on the Toronto Stock Exchange (TSX) under the ticker symbol "L."

How do I buy shares of Loblaw Companies?

Shares of L stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Loblaw Companies' stock price today?

One share of L stock can currently be purchased for approximately C$116.52.

How much money does Loblaw Companies make?

Loblaw Companies (TSE:L) has a market capitalization of C$38.18 billion and generates C$53.92 billion in revenue each year.

How many employees does Loblaw Companies have?

Loblaw Companies employs 12,200 workers across the globe.

How can I contact Loblaw Companies?

Loblaw Companies' mailing address is 1 Presidents Choice Cir, BRAMPTON, ON L6Y 5S5, Canada. The official website for Loblaw Companies is www.loblaw.ca. The company can be reached via phone at +1-905-4592500.

This page (TSE:L) was last updated on 8/8/2022 by MarketBeat.com Staff

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