Desjardins Forecasts Strong Price Appreciation for Loblaw Companies (TSE:L) Stock

Loblaw Companies (TSE:L) had its target price hoisted by equities research analysts at Desjardins from C$185.00 to C$230.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Desjardins’ price target suggests a potential upside of 2.21% from the company’s previous close. Desjardins also issued estimates for Loblaw Companies’ Q3 2025 earnings at $2.73 EPS, FY2025 earnings at $9.48 EPS and FY2026 earnings at $10.22 EPS.

Several other equities research analysts have also recently issued reports on the stock. TD Securities lifted their price objective on shares of Loblaw Companies from C$195.00 to C$245.00 and gave the company a “buy” rating in a research report on Thursday. National Bankshares boosted their price target on shares of Loblaw Companies from C$207.00 to C$234.00 and gave the stock an “outperform” rating in a research note on Thursday. UBS Group raised their price objective on Loblaw Companies from C$210.00 to C$253.00 in a research report on Thursday. Royal Bank of Canada boosted their target price on Loblaw Companies from C$215.00 to C$234.00 in a research report on Monday, April 14th. Finally, Scotiabank lifted their price objective on Loblaw Companies from C$215.00 to C$245.00 and gave the stock an “outperform” rating in a research note on Thursday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$236.88.

Loblaw Companies Trading Up 0.5 %

Shares of Loblaw Companies stock opened at C$225.02 on Thursday. Loblaw Companies has a 1-year low of C$152.39 and a 1-year high of C$226.25. The company’s fifty day simple moving average is C$200.62 and its 200-day simple moving average is C$189.11. The company has a debt-to-equity ratio of 166.11, a current ratio of 1.29 and a quick ratio of 0.68. The stock has a market capitalization of C$68.03 billion, a PE ratio of 30.54, a P/E/G ratio of 3.23 and a beta of 0.17.

Insiders Place Their Bets

In related news, Director Richard Dufresne sold 25,783 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$186.55, for a total value of C$4,809,847.01. Also, Director Willard Galen Garfield Weston sold 104,364 shares of the company’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of C$182.50, for a total transaction of C$19,046,690.91. In the last quarter, insiders have sold 141,456 shares of company stock valued at $25,966,244. Insiders own 53.77% of the company’s stock.

Loblaw Companies Company Profile

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.