Loblaw Companies - L Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Loblaw Companies in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" L shares.
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5 analysts 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 predict the company's share price to reach C$138.94 in the next twelve months. This suggests a possible upside of 19.5% 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 on January 1st, 2023. Since then, L shares have decreased by 2.9% and is now trading at C$116.29.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Loblaw Companies Limited (TSE:L) released its earnings results on Wednesday, July, 26th. The company reported $1.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.01. The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $10.96 billion. Loblaw Companies had a net margin of 3.40% and a trailing twelve-month return on equity of 17.19%.

Loblaw Companies declared a quarterly dividend on Tuesday, March 14th. Stockholders of record on Saturday, April 1st will be given a dividend of 0.405 per share on Saturday, April 1st. This represents a $1.62 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date is Tuesday, March 14th.
Read our dividend analysis for L.

Loblaw Companies (TSE:L) pays an annual dividend of C$1.62 per share and currently has a dividend yield of 1.39%. The dividend payout ratio is 28.17%. 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$116.29.

Loblaw Companies (TSE:L) has a market capitalization of C$37.54 billion and generates C$56.50 billion in revenue each year. The company earns C$1.91 billion in net income (profit) each year or C$5.75 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.