Loblaw Companies - L Stock Forecast, Price & News

7 Wall Street 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 analysts is that investors should "buy" L shares.
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7 analysts have issued 1 year price objectives for Loblaw Companies' stock. Their L share price forecasts range from C$87.00 to C$154.00. On average, they predict the company's share price to reach C$123.78 in the next year. This suggests a possible upside of 11.7% 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$103.64 on January 1st, 2022. Since then, L stock has increased by 7.0% and is now trading at C$110.86.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 16th 2022.
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Loblaw Companies Limited (TSE:L) posted its quarterly earnings results on Wednesday, July, 27th. The company reported $1.69 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.

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 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend is Wednesday, September 14th.
Read our dividend analysis for L.

Loblaw Companies (TSE:L) pays an annual dividend of C$1.50 per share and currently has a dividend yield of 1.46%. The dividend payout ratio is 25.34%. 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$110.86.

Loblaw Companies (TSE:L) has a market capitalization of C$36.33 billion and generates C$53.92 billion in revenue each year.

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.