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TSE:L

Loblaw Companies - L Stock Forecast, Price & News

C$119.96
+1.24 (+1.04%)
(As of 03/28/2023 12:00 AM ET)
Add
Compare
Today's Range
C$118.22
▼
C$120.52
50-Day Range
C$114.14
▼
C$120.99
52-Week Range
C$105.57
▼
C$126.29
Volume
290,431 shs
Average Volume
463,663 shs
Market Capitalization
C$38.73 billion
P/E Ratio
20.86
Dividend Yield
1.35%
Price Target
C$138.94

Loblaw Companies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.80 Rating Score
Upside/​Downside
15.8% Upside
C$138.94 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.69mentions of Loblaw Companies in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
C$2 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.

1.96 out of 5 stars

See Top Rated MarketRank™ Stocks Here

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.

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L Stock News Headlines

March 28, 2023 | benzinga.com
Shoppers Drug Mart partners with Avicanna to transition Medical Cannabis by Shoppers
March 28, 2023 | msn.com
Shoppers Drug Mart moves away from medical cannabis, will send patients to Avicanna
March 28, 2023 | Behind the Markets (Ad)
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
March 28, 2023 | msn.com
Walmart Canada willing to participate in grocery code of conduct, CEO tells MPs
March 24, 2023 | americanbankingnews.com
Loblaw Companies Limited (TSE:L) Director Sells C$1,405,449.80 in Stock
March 22, 2023 | americanbankingnews.com
Loblaw Companies Limited (TSE:L) Director Richard Dufresne Sells 5,000 Shares
March 17, 2023 | benzinga.com
Reed's Announces New Distribution Partnership with Loblaws Supermarkets
March 10, 2023 | msn.com
Loblaw CEO Says A Customer Confronted Him About Grocery Prices But Twitter Is Calling BS
March 28, 2023 | Behind the Markets (Ad)
Buy THIS stock before Taiwan is attacked
... If the United States goes to war with another nuclear armed superpower, this could have a devastating impact on your retirement portfolio. Now, even Taiwan's own foreign minister is saying that China is on the cusp of a full scale invasion. But the good news is, if China invades Taiwan, there is a way to protect yourself.
February 27, 2023 | ca.finance.yahoo.com
Better Buy: Loblaw Stock or Metro?
February 25, 2023 | msn.com
'Canadians are idiots and I’m right to exploit them': Inside the thoughts of Loblaws
February 23, 2023 | msn.com
Loblaw earns $529M in Q4 profits as Canadians struggle with rising food prices
February 23, 2023 | ca.finance.yahoo.com
Loblaw Companies reports $529M Q4 profit, revenue up nearly 10 per cent
February 23, 2023 | msn.com
Loblaw Companies Non-GAAP EPS of C$1.76, revenue of C$14B
February 23, 2023 | finance.yahoo.com
Loblaw Reports 2022 Fourth Quarter Results and Fiscal Year Ended December 31, 2022 Results
February 17, 2023 | baystreet.ca
Grocery Store CEOs To Testify In Ottawa About Food Inflation
February 15, 2023 | markets.businessinsider.com
Analysts Offer Insights on Services Companies: CAE (CAE), Marriott International (MAR) and Restaurant Brands International (QSR)
February 15, 2023 | finance.yahoo.com
Loblaw Encourages Customers to Bring Their Own Bags in British Columbia
January 30, 2023 | tmcnet.com
Shoppers Drug Mart to Transition from Single-Use Plastic Shopping Bags Starting January 31
January 23, 2023 | theglobeandmail.com
Gordon Pape: Seeking some portfolio stability? These stocks have proven to be inflation-beaters
January 13, 2023 | theglobeandmail.com
Grocery prices are skyrocketing because we ignored their long takeoff
January 12, 2023 | ca.finance.yahoo.com
Stocks in play: Loblaw Companies.
January 12, 2023 | finance.yahoo.com
Joe Fresh and Sasha Exeter Evolve their Partnership with a Studio-Inspired Collection
January 7, 2023 | nytimes.com
High Food Prices Rile Up Canadians
January 4, 2023 | baystreet.ca
Stocks Keep Early Streak Alive
January 3, 2023 | finance.yahoo.com
Shoppers Drug Mart Applauds Expanded Scope of Practice for Ontario Pharmacists
December 31, 2022 | reuters.com
Loblaw Companies Ltd
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L Company Calendar

Last Earnings
7/26/2017
Ex-Dividend for 12/30 Dividend
12/14/2022
Dividend Payable
12/30/2022
Ex-Dividend for 4/1 Dividend
3/14/2023
Today
3/28/2023
Dividend Payable
4/01/2023
Next Earnings (Estimated)
5/03/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Grocery Stores
Sub-Industry
N/A
Sector
Business Services
Current Symbol
TSE:L
CUSIP
N/A
CIK
N/A
Web
www.loblaw.ca
Phone
+1-905-4592500
Fax
N/A
Employees
12,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$138.94
High Stock Price Forecast
C$168.00
Low Stock Price Forecast
C$124.00
Forecasted Upside/Downside
+15.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.80
Research Coverage
5 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$5.75
Trailing P/E Ratio
20.86
Forward P/E Ratio
16.21
P/E Growth
10.36
Net Income
C$1.91 billion
Net Margins
3.40%
Pretax Margin
N/A
Return on Equity
17.19%
Return on Assets
5.68%

Debt

Debt-to-Equity Ratio
153.68
Current Ratio
1.33
Quick Ratio
0.68

Sales & Book Value

Annual Sales
C$56.50 billion
Price / Sales
0.69
Cash Flow
C$5.18 per share
Price / Cash Flow
23.18
Book Value
C$34.31 per share
Price / Book
3.50

Miscellaneous

Outstanding Shares
322,840,000
Free Float
N/A
Market Cap
C$38.73 billion
Optionable
Optionable
Beta
0.06

Key Executives

  • Mr. Galen G. Weston B.A. (Age 50)
    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 55)
    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 69)
    COO & Member of Management Board
    Comp: $3.72M
  • Mr. Barry Kieran Columb (Age 58)
    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 52)
    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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













L Stock - Frequently Asked Questions

Should I buy or sell Loblaw Companies stock right now?

5 Wall Street equities research 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 equities research analysts is that investors should "buy" L shares.
View L analyst ratings or view top-rated stocks.

What is Loblaw Companies' stock price forecast for 2023?

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 predict the company's share price to reach C$138.94 in the next year. This suggests a possible upside of 15.8% 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 2023?

Loblaw Companies' stock was trading at C$119.72 on January 1st, 2023. Since then, L shares have increased by 0.2% and is now trading at C$119.96.
View the best growth stocks for 2023 here.

When is Loblaw Companies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our L earnings forecast.

How were Loblaw Companies' earnings last quarter?

Loblaw Companies Limited (TSE:L) posted its quarterly earnings data 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 firm earned $11.08 billion during the quarter, compared to the consensus estimate of $10.96 billion. Loblaw Companies had a net margin of 3.40% and a trailing twelve-month return on equity of 17.19%.

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

Loblaw Companies announced a quarterly dividend on Tuesday, March 14th. Shareholders of record on Saturday, April 1st will be paid a dividend of 0.405 per share on Saturday, April 1st. This represents a $1.62 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, 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$1.62 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.

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$119.96.

How much money does Loblaw Companies make?

Loblaw Companies (TSE:L) has a market capitalization of C$38.73 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.

How many employees does Loblaw Companies have?

The company 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 the company is www.loblaw.ca. The company can be reached via phone at +1-905-4592500.

This page (TSE:L) was last updated on 3/28/2023 by MarketBeat.com Staff