Loblaw Companies (L) Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Loblaw Companies in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" L shares.
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5 brokerages have issued 12-month target prices for Loblaw Companies' stock. Their L share price forecasts range from C$124.00 to C$168.00. On average, they anticipate the company's stock price to reach C$139.94 in the next year. This suggests a possible upside of 19.4% from the stock's current price.
View analysts price targets for L or view top-rated stocks among Wall Street analysts.

Loblaw Companies' stock was trading at C$119.72 at the start of the year. Since then, L stock has decreased by 2.1% and is now trading at C$117.17.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
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Loblaw Companies Limited (TSE:L) issued its quarterly earnings data on Wednesday, July, 26th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.01. The company had revenue of $11.08 billion for the quarter, compared to analyst estimates of $10.96 billion. Loblaw Companies had a trailing twelve-month return on equity of 16.73% and a net margin of 3.32%.

Loblaw Companies declared a quarterly dividend on Wednesday, June 14th. Investors of record on Saturday, July 1st will be paid a dividend of 0.446 per share on Saturday, July 1st. This represents a $1.78 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Wednesday, June 14th. This is an increase from the stock's previous quarterly dividend of C$0.41.
Read our dividend analysis for L.

Loblaw Companies (TSE:L) pays an annual dividend of C$1.78 per share and currently has a dividend yield of 1.48%. The dividend payout ratio is 31.01%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for L.

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).

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

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.
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One share of L stock can currently be purchased for approximately C$117.17.

Loblaw Companies (TSE:L) has a market capitalization of C$37.62 billion and generates C$57.24 billion in revenue each year. The company earns C$1.89 billion in net income (profit) each year or C$5.74 on an earnings per share basis.

The company employs 12,200 workers across the globe.

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