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TSE:L

Loblaw Companies (L) Stock Price, News & Analysis

C$146.55
-0.75 (-0.51%)
(As of 10:03 AM ET)
Today's Range
C$146.44
C$147.54
50-Day Range
C$125.17
C$147.30
52-Week Range
C$110.52
C$148.10
Volume
22,961 shs
Average Volume
331,672 shs
Market Capitalization
C$46.36 billion
P/E Ratio
22.93
Dividend Yield
1.21%
Price Target
C$153.29

Loblaw Companies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.83 Rating Score
Upside/​Downside
4.1% Upside
C$153.29 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.46mentions of Loblaw Companies in the last 14 days
Based on 44 Articles This Week
Insider Trading
Selling Shares
C$3.13 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.49 out of 5 stars


L stock logo

About Loblaw Companies Stock (TSE:L)

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. The company provides its products and services under various brands. The company was founded in 1919 and is headquartered in Brampton, Canada. Loblaw Companies Limited is a subsidiary of George Weston Limited.

L Stock Price History

L Stock News Headlines

Detecting Cancer in Mere Seconds: Early Investment Opportunity
A revolutionary cancer diagnostic tool is likely to come to fruition with anticipated FDA approval expected in just months. With the ability to detect cancer's "molecular fingerprint" in just seconds, it also offers far superior accuracy to current detection methods and reduces the need for invasive biopsies.
Loblaw Companies (TSE:L) PT Raised to C$146.00
Loblaw Companies (TSE:L) PT Raised to C$153.00
Detecting Cancer in Mere Seconds: Early Investment Opportunity
A revolutionary cancer diagnostic tool is likely to come to fruition with anticipated FDA approval expected in just months. With the ability to detect cancer's "molecular fingerprint" in just seconds, it also offers far superior accuracy to current detection methods and reduces the need for invasive biopsies.
Loblaw Companies (TSE:L) PT Raised to C$148.00
Desjardins Boosts Loblaw Companies (TSE:L) Price Target to C$148.00
Loblaw Companies (TSE:L) PT Raised to C$160.00 at TD Securities
Loblaw Companies (TSE:L) Price Target Cut to C$149.00
Loblaw Companies (TSE:L) PT Lowered to C$149.00 at CIBC
Loblaw profit and sales rise
See More Headlines
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Company Calendar

Last Earnings
7/26/2017
Ex-Dividend for 12/30 Dividend
12/14/2023
Dividend Payable
12/30/2023
Today
2/29/2024
Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
5/01/2024

Industry, Sector and Symbol

Industry
Grocery Stores
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
221,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$153.29
High Stock Price Target
C$172.00
Low Stock Price Target
C$145.00
Potential Upside/Downside
+4.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.83
Research Coverage
6 Analysts

Profitability

Net Income
C$2.08 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$59.01 billion
Cash Flow
C$6.36 per share
Book Value
C$35.81 per share

Miscellaneous

Free Float
N/A
Market Cap
C$46.60 billion
Optionable
Not Optionable
Beta
0.10
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Key Executives

  • Mr. Richard Dufresne
    CFO & Member of Management Board
  • Mr. Jeffery Leger
    Member of Management Board & President of Shoppers Drug Mart
  • Mr. Per Bank (Age 57)
    President, CEO & Member of Management Board
  • Mr. Mark W. H. Wilson (Age 53)
    Executive VP, Chief Human Resources Officer & Member of Management Board
  • Mr. Ian Freedman
    Member of Management Board & President of Joe Fresh
  • Robert Wiebe
    Chief Administrative Officer & Member of Management Board
  • Nicholas Henn
    Executive VP, Chief Legal Officer, Secretary & Member of Management Board
  • David Markwell
    Executive VP, Chief Technology & Analytics Officer and Member of Management Board
  • Frank Gambioli
    President of Market Division & Member of Management Board
  • Mary MacIsaac
    Senior VP of Marketing & Member of Management Board

Should I Buy Loblaw Companies Stock? L Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Loblaw Companies was last updated on Thursday, February 29, 2024 at 1:43 AM.

Pros

Here are some ways that investors could benefit from investing in Loblaw Companies Limited:

  • Loblaw Companies Limited is a well-established food and pharmacy company with a long history dating back to 1919.
  • The company offers a diverse range of products and services including grocery, pharmacy, health and beauty, apparel, general merchandise, and financial services.
  • Loblaw Companies Limited has a strong presence in the Canadian market, providing stability and potential growth opportunities.
  • The company has been actively expanding its e-commerce capabilities, catering to the growing trend of online shopping.
  • Recent developments have shown positive financial performance, with the current stock price reflecting investor confidence.

Cons

Investors should be bearish about investing in Loblaw Companies Limited for these reasons:

  • Competition in the retail and pharmacy industry is fierce, leading to potential pricing pressures and margin challenges.
  • Economic uncertainties and market fluctuations can impact consumer spending habits, affecting Loblaw Companies Limited's revenue.
  • Regulatory changes and compliance requirements in the food and pharmacy sector can pose risks to the company's operations.
  • Investing in individual stocks like Loblaw Companies Limited carries inherent risks, including market volatility and company-specific factors.
  • While recent performance has been positive, past performance is not indicative of future results, and investors should conduct thorough research before making investment decisions.














L Stock Analysis - Frequently Asked Questions

Should I buy or sell Loblaw Companies stock right now?

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

What is Loblaw Companies' stock price target for 2024?

6 Wall Street research analysts have issued 12-month price targets for Loblaw Companies' shares. Their L share price targets range from C$145.00 to C$172.00. On average, they expect the company's share price to reach C$153.29 in the next twelve months. This suggests a possible upside of 4.1% from the stock's current price.
View analysts price targets for L
or view top-rated stocks among Wall Street analysts.

How have L shares performed in 2024?

Loblaw Companies' stock was trading at C$128.28 at the beginning of the year. Since then, L stock has increased by 14.8% and is now trading at C$147.30.
View the best growth stocks for 2024 here
.

When is Loblaw Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our L earnings forecast
.

How were Loblaw Companies' earnings last quarter?

Loblaw Companies Limited (TSE:L) issued its earnings results on Wednesday, July, 26th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.10 by $0.01. The firm earned $11.08 billion during the quarter, compared to analyst estimates of $10.96 billion. Loblaw Companies had a net margin of 3.54% and a trailing twelve-month return on equity of 18.60%.

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

Loblaw Companies announced a quarterly dividend on Friday, February 23rd. Stockholders of record on Friday, March 15th will be given a dividend of 0.446 per share on Monday, April 1st. This represents a $1.78 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for L
.

Is Loblaw Companies a good dividend stock?

Loblaw Companies (TSE:L) pays an annual dividend of C$1.78 per share and currently has a dividend yield of 1.29%. The dividend payout ratio is 27.86%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for L.

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).

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.

This page (TSE:L) was last updated on 2/29/2024 by MarketBeat.com Staff