Loblaw Companies (TSE:L) Price Target Raised to C$68.00 at BMO Capital Markets

Loblaw Companies (TSE:L) had its price objective increased by BMO Capital Markets from C$63.00 to C$68.00 in a research note issued to investors on Monday morning,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Other equities research analysts also recently issued reports about the company. Desjardins upgraded Loblaw Companies from a “hold” rating to a “buy” rating and boosted their price target for the company from C$62.00 to C$67.00 in a report on Thursday, December 4th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Loblaw Companies from C$58.50 to C$67.00 in a report on Thursday, November 13th. TD Securities increased their target price on shares of Loblaw Companies from C$63.00 to C$65.00 in a report on Thursday, November 13th. Royal Bank Of Canada raised their price target on shares of Loblaw Companies from C$68.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. Finally, National Bank Financial lifted their price target on shares of Loblaw Companies from C$62.00 to C$66.00 and gave the company an “outperform” rating in a report on Wednesday, January 28th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Loblaw Companies presently has an average rating of “Moderate Buy” and a consensus price target of C$91.63.

Loblaw Companies Stock Up 3.0%

TSE:L opened at C$69.26 on Monday. The company has a debt-to-equity ratio of 166.11, a quick ratio of 0.68 and a current ratio of 1.29. The company has a market capitalization of C$81.81 billion, a price-to-earnings ratio of 33.83, a price-to-earnings-growth ratio of 3.23 and a beta of 0.30. Loblaw Companies has a one year low of C$43.78 and a one year high of C$69.27. The stock has a 50-day simple moving average of C$63.59 and a 200 day simple moving average of C$68.16.

Loblaw Companies Cuts Dividend

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

More Loblaw Companies News

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.

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.