Loblaw Companies (TSE:L) Price Target Increased to C$172.00 by Analysts at TD Securities

Loblaw Companies (TSE:L) had its target price raised by research analysts at TD Securities from C$168.00 to C$172.00 in a research note issued to investors on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 11.74% from the company’s current price.

Several other research firms also recently issued reports on L. Scotiabank increased their price objective on shares of Loblaw Companies from C$148.27 to C$161.00 and gave the company a “sector perform” rating in a report on Thursday. Desjardins raised their price target on shares of 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. National Bankshares raised 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. Royal Bank of Canada raised 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. Finally, CIBC raised 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$162.43.

Loblaw Companies Stock Performance

L opened at C$153.93 on Friday. 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$47.32 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 2.53 and a beta of 0.12. Loblaw Companies has a 52-week low of C$110.52 and a 52-week high of C$155.22. The firm’s fifty day simple moving average is C$149.47 and its two-hundred day simple moving average is C$133.99.

Loblaw Companies (TSE:L) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$2.00 earnings per share (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 net margin of 3.53% and a return on equity of 18.96%. Equities analysts anticipate that Loblaw Companies will post 8.5138274 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Robert Wayne Wiebe sold 16,583 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of C$150.00, for a total transaction of C$2,487,450.00. In other news, Senior Officer Robert Wayne Wiebe sold 16,583 shares of the firm’s stock in a transaction that occurred 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 Frank Gambioli sold 4,603 shares of the firm’s stock in a transaction that occurred on 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 ninety days, insiders sold 71,495 shares of company stock worth $10,547,163. Insiders own 53.26% of the company’s stock.

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.