Loblaw Companies (TSE:L) Given New C$73.00 Price Target at BMO Capital Markets

Loblaw Companies (TSE:L) had its price target upped by BMO Capital Markets from C$70.00 to C$73.00 in a research report report published on Friday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

A number of other research firms have also issued reports on L. Scotia boosted their target price on shares of Loblaw Companies from C$64.00 to C$67.00 and gave the company a “sector perform” rating in a research note on Friday. Scotiabank lowered shares of Loblaw Companies from an “outperform” rating to a “hold” rating and set a C$70.00 price target on the stock. in a research note on Thursday, April 9th. Canadian Imperial Bank of Commerce cut their price target on Loblaw Companies from C$75.00 to C$69.00 in a report on Thursday, May 7th. Desjardins boosted their price objective on Loblaw Companies from C$70.00 to C$72.00 and gave the stock a “buy” rating in a research report on Friday. Finally, TD Securities raised Loblaw Companies to a “strong-buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Loblaw Companies presently has an average rating of “Moderate Buy” and an average price target of C$71.00.

Loblaw Companies Stock Performance

Shares of L opened at C$65.81 on Friday. Loblaw Companies has a 1 year low of C$52.92 and a 1 year high of C$69.59. The company has a market cap of C$76.60 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 3.23 and a beta of 0.13. The company has a debt-to-equity ratio of 151.15, a quick ratio of 0.68 and a current ratio of 1.06. The firm has a fifty day moving average of C$64.22 and a 200-day moving average of C$63.59.

Loblaw Companies (TSE:L) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.66 earnings per share for the quarter. Loblaw Companies had a net margin of 4.32% and a return on equity of 25.25%. The business had revenue of C$15.05 billion for the quarter. As a group, equities analysts anticipate that Loblaw Companies will post 9.1225541 earnings per share for the current year.

Loblaw Companies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Wednesday, July 1st were paid a dividend of $0.1552 per share. This is an increase from Loblaw Companies’s previous quarterly dividend of $0.14. This represents a $0.62 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, June 15th. Loblaw Companies’s dividend payout ratio (DPR) is 24.53%.

Insider Activity

In related news, Director Nicholas Henn sold 10,000 shares of Loblaw Companies stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of C$67.00, for a total transaction of C$670,000.00. Also, insider Melanie Singh sold 4,820 shares of Loblaw Companies stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$66.72, for a total value of C$321,590.40. Company insiders own 53.77% of the company’s stock.

Key Loblaw Companies News

Here are the key news stories impacting Loblaw Companies this week:

• Positive Sentiment: Broad analyst target increases support the stock: BMO Capital Markets raised its target to C$73 from C$70 and kept an “outperform” rating. National Bank Financial lifted its target to C$70 from C$67, while Desjardins increased its target to C$72 from C$70 and assigned a “buy” rating. Scotia raised its target to C$67 from C$64, maintaining a “sector perform” rating. The revisions imply limited to double-digit upside from recent levels. Analyst rating updates
• Positive Sentiment: Discount-store expansion remains a growth catalyst: Loblaw plans approximately 75 store openings in 2027, as management describes consumers’ shift toward discount grocery as a long-term trend. The expansion could support market-share gains and sustained revenue growth. Loblaw discount expansion plans
• Positive Sentiment: Quarterly results provide fundamental support: Loblaw reported C$15.05 billion in quarterly revenue and C$0.66 in earnings per share, with a 24.88% return on equity. TD Securities also upgraded the stock to “strong buy,” adding to the favorable analyst sentiment. Loblaw quarterly results
• Neutral Sentiment: Consumers remain highly price-sensitive: Management said shoppers are turning to frozen produce to manage elevated food prices. This reinforces demand for Loblaw’s discount offerings but may limit consumers’ willingness to purchase higher-margin products. Loblaw consumer spending trends

About Loblaw Companies

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President’s Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.