Loblaw Companies (TSE:L) Price Target Increased to C$161.00 by Analysts at Scotiabank

Loblaw Companies (TSE:L) had its price objective raised by equities researchers at Scotiabank from C$148.27 to C$161.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Scotiabank’s price objective would suggest a potential upside of 4.59% from the stock’s current price.

L has been the topic of several other research reports. Royal Bank of Canada increased their price target on shares of Loblaw Companies from C$170.00 to C$172.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. CIBC increased their price target on shares of Loblaw Companies from C$159.00 to C$171.00 and gave the stock an “outperform” rating in a research note on Thursday. TD Securities increased their price target on shares of Loblaw Companies from C$150.00 to C$160.00 and gave the stock a “buy” rating in a research note on Friday, February 23rd. BMO Capital Markets increased their price target on shares of Loblaw Companies from C$130.00 to C$145.00 in a research note on Friday, February 23rd. Finally, National Bankshares increased their price target on shares of Loblaw Companies from C$156.00 to C$159.00 and gave the stock an “outperform” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$162.43.

Loblaw Companies Stock Down 0.4 %

L stock 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 company has a quick ratio of 0.68, a current ratio of 1.25 and a debt-to-equity ratio of 156.41. The company has a market cap of C$47.60 billion, a price-to-earnings ratio of 23.61, a PEG ratio of 2.53 and a beta of 0.12. The company has a 50 day moving average of C$149.29 and a two-hundred day moving average of C$133.72.

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

Insider Activity at Loblaw Companies

In related news, Senior Officer Robert Wayne Wiebe sold 16,583 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$150.00, for a total value of C$2,487,450.00. In other Loblaw Companies news, Senior Officer Robert Wayne Wiebe sold 16,583 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of C$150.00, for a total value of C$2,487,450.00. Also, Senior Officer Kieran Barry Columb sold 10,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of C$150.00, for a total transaction of C$1,500,000.00. In the last three months, insiders have sold 71,495 shares of company stock worth $10,547,163. 52.69% of the stock is owned by insiders.

About Loblaw Companies

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.