Loblaw Companies Limited (TSE:L) will issue its quarterly earnings data on Wednesday, July 27th. Analysts expect the company to announce earnings of $0.72 per share for the quarter.
A number of brokerages have recently commented on L. Barclays PLC lifted their price target on shares of Loblaw Companies Limited from C$77.00 to C$78.00 in a report on Friday. Scotiabank reiterated a “sector perform” rating and set a C$76.00 price target on shares of Loblaw Companies Limited in a report on Monday, May 30th. TD Securities reiterated a “buy” rating and set a C$80.00 price target on shares of Loblaw Companies Limited in a report on Tuesday. National Bank Financial lifted their price target on shares of Loblaw Companies Limited from C$73.00 to C$74.00 and gave the stock an “outperform” rating in a report on Thursday, May 5th. Finally, Desjardins lifted their price target on shares of Loblaw Companies Limited from C$76.00 to C$77.00 in a report on Thursday, May 5th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Loblaw Companies Limited presently has a consensus rating of “Buy” and a consensus target price of C$78.20.
Loblaw Companies Limited (TSE:L) traded up 0.23% during midday trading on Tuesday, hitting $70.85. 740,091 shares of the stock traded hands. Loblaw Companies Limited has a one year low of $61.25 and a one year high of $74.59. The stock has a market cap of $28.77 billion and a price-to-earnings ratio of 43.47. The company has a 50-day moving average price of $70.10 and a 200 day moving average price of $69.10.
Loblaw Companies Limited (Loblaw) is a Canada-based holding company. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial products and services. The Company operates through three segments: Retail, Financial Services and Choice Properties.
