Loblaw Companies (TSE:L) Price Target Increased to C$159.00 by Analysts at National Bankshares

Loblaw Companies (TSE:L) had its price objective hoisted by investment analysts at National Bankshares from C$156.00 to C$159.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 3.29% from the stock’s current price.

A number of other research analysts have also recently commented on the stock. CIBC reduced their target price on shares of Loblaw Companies from C$150.00 to C$149.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. BMO Capital Markets boosted their price objective on shares of Loblaw Companies from C$130.00 to C$145.00 in a report on Friday, February 23rd. Scotiabank raised their target price on Loblaw Companies from C$146.00 to C$148.27 and gave the company a “sector perform” rating in a research note on Monday, April 22nd. Desjardins boosted their price target on Loblaw Companies from C$148.00 to C$157.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. Finally, Royal Bank of Canada increased their price target on Loblaw Companies from C$170.00 to C$172.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$162.43.

Loblaw Companies Trading Down 0.4 %

Shares of L opened at C$153.93 on Thursday. Loblaw Companies has a 12 month low of C$110.52 and a 12 month high of C$155.22. The stock’s 50-day moving average is C$149.29 and its two-hundred day moving average is C$133.72. The company has a debt-to-equity ratio of 156.41, a current ratio of 1.25 and a quick ratio of 0.68. The stock has a market cap of C$47.60 billion, a PE ratio of 23.61, a P/E/G ratio of 2.53 and a beta of 0.12.

Loblaw Companies (TSE:L) last announced its earnings results on Thursday, February 22nd. The company reported C$2.00 EPS for the quarter, beating the consensus estimate of C$1.92 by C$0.08. The business had revenue of C$14.53 billion for the quarter, compared to the consensus estimate of C$14.58 billion. Loblaw Companies had a return on equity of 18.96% and a net margin of 3.53%. Equities analysts forecast that Loblaw Companies will post 8.4881297 earnings per share for the current fiscal year.

Insider Transactions at Loblaw Companies

In other Loblaw Companies news, Senior Officer Frank Gambioli sold 4,603 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total transaction of C$662,832.00. In related news, Senior Officer Jeffrey Francis Leger sold 10,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$146.00, for a total transaction of C$1,460,000.00. Also, Senior Officer Frank Gambioli sold 4,603 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$144.00, for a total transaction of C$662,832.00. Over the last 90 days, insiders have sold 71,495 shares of company stock valued at $10,547,163. Insiders own 52.69% of the company’s stock.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services 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.