Loblaw Companies Ltd (TSE:L) had its target price trimmed by BMO Capital Markets from C$85.00 to C$82.00 in a research note released on Thursday, July 27th. The brokerage currently has an outperform rating on the stock.
L has been the subject of a number of other research reports. Scotiabank reissued a sector perform rating and issued a C$77.00 price objective on shares of Loblaw Companies in a research note on Thursday, April 20th. Royal Bank Of Canada reissued an outperform rating and issued a C$87.00 target price on shares of Loblaw Companies in a research report on Friday, April 21st. Desjardins cut their target price on Loblaw Companies from C$85.00 to C$81.00 and set a buy rating on the stock in a research report on Thursday, June 22nd. Raymond James Financial, Inc. upped their target price on Loblaw Companies from C$80.00 to C$81.00 and gave the company an outperform rating in a research report on Thursday, May 4th. Finally, TD Securities upped their price target on shares of Loblaw Companies from C$85.00 to C$90.00 and gave the company a buy rating in a report on Monday, May 1st. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Loblaw Companies currently has an average rating of Buy and a consensus target price of C$81.00.
Shares of Loblaw Companies (TSE L) traded up 0.54% during midday trading on Thursday, hitting $68.77. The stock had a trading volume of 204,151 shares. The company’s 50 day moving average is $70.14 and its 200 day moving average is $72.13. The firm has a market cap of $27.12 billion and a P/E ratio of 22.97. Loblaw Companies has a 52 week low of $62.33 and a 52 week high of $78.87.
Loblaw Companies (TSE:L) last announced its earnings results on Wednesday, July 26th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.01. Loblaw Companies had a return on equity of 12.17% and a net margin of 3.29%. The business had revenue of $11.08 billion during the quarter, compared to analyst estimates of $10.96 billion. On average, equities analysts predict that Loblaw Companies will post $4.44 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: This story was first published by BBNS and is the property of of BBNS. If you are accessing this story on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The correct version of this story can be accessed at https://baseballnewssource.com/markets/loblaw-companies-ltd-l-price-target-cut-to-c82-00-updated-updated/1308451.html.
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%.
About Loblaw Companies
Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, retail banking, credit card, insurance, and wireless mobile products and services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.
Receive News & Ratings for Loblaw Companies Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loblaw Companies Ltd and related companies with our FREE daily email newsletter.