Loblaw Companies (TSE:L) Sets New 1-Year High on Analyst Upgrade

Loblaw Companies Limited (TSE:L)’s share price hit a new 52-week high during mid-day trading on Tuesday after TD Securities raised their price target on the stock from C$65.00 to C$75.00. TD Securities currently has a buy rating on the stock. Loblaw Companies traded as high as C$69.27 and last traded at C$69.26, with a volume of 1130900 shares. The stock had previously closed at C$67.26.

L has been the subject of several other research reports. BMO Capital Markets boosted their price objective on shares of Loblaw Companies from C$63.00 to C$68.00 and gave the stock a “market perform” rating in a research note on Monday. Royal Bank Of Canada increased their price objective on Loblaw Companies from C$68.00 to C$72.00 and gave the company an “outperform” rating in a report on Friday, January 23rd. National Bank Financial raised their price objective on Loblaw Companies from C$62.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Desjardins raised Loblaw Companies from a “hold” rating to a “buy” rating and upped their target price for the company from C$62.00 to C$67.00 in a research report on Thursday, December 4th. Finally, Canadian Imperial Bank of Commerce increased their price target on Loblaw Companies from C$58.50 to C$67.00 in a research note on Thursday, November 13th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$91.63.

Loblaw Companies News Summary

Here are the key news stories impacting Loblaw Companies this week:

• Positive Sentiment: Loblaw plans to open 70 new stores in 2026 and says this expansion will broaden its grocery and pharmacy footprint across Canada — a growth driver for sales and market share. Read More.
• Positive Sentiment: The company is committing roughly C$2.4 billion to its retail and distribution network in 2026 and projects creation of about 9,000–9,700 jobs, signaling sustained investment to support long-term revenue growth and e-commerce/fulfillment capacity. Read More.
• Positive Sentiment: TD Securities raised its price target to C$75 and has a “buy” rating, providing analyst support that can attract buyers and justify the rally. Read More.
• Neutral Sentiment: BMO Capital Markets bumped its target to C$68 but maintained a “market perform” rating — a more cautious stance that tempers upside expectations and may limit momentum. Read More.
• Negative Sentiment: Large 2026 capital spending (reported at about C$1.75B–C$2.4B for new stores, renovations and distribution) will increase cash outflows and could pressure near-term margins and free cash flow — a risk given Loblaw’s relatively high leverage. Read More.

Loblaw Companies Stock Performance

The stock has a 50-day moving average price of C$63.59 and a 200 day moving average price of C$68.16. The company has a quick ratio of 0.68, a current ratio of 1.29 and a debt-to-equity ratio of 166.11. The firm has a market capitalization of C$81.81 billion, a price-to-earnings ratio of 33.83, a P/E/G ratio of 3.23 and a beta of 0.30.

Loblaw Companies Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 30th were given a $0.1411 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.8%. Loblaw Companies’s dividend payout ratio is currently 26.31%.

About Loblaw Companies

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. The firm carries a robust private-label assortment, with top sellers like President’s Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.