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

Loblaw Companies (TSE:L) had its target price raised by 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 brokerage presently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 11.74% from the stock’s current price.

Other research analysts have also recently issued reports about the company. CIBC increased their price target on Loblaw Companies from C$159.00 to C$171.00 and gave the company an “outperform” rating in a research note on Thursday. Scotiabank increased their price target on Loblaw Companies from C$148.27 to C$161.00 and gave the company a “sector perform” rating in a research note on Thursday. National Bankshares increased their price target on Loblaw Companies from C$156.00 to C$159.00 and gave the company an “outperform” rating in a research note on Thursday. Desjardins increased their price target on Loblaw Companies from C$148.00 to C$157.00 and gave the company a “hold” rating in a research note on Monday. Finally, BMO Capital Markets increased their price objective on Loblaw Companies from C$130.00 to C$145.00 in a report on Friday, February 23rd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Loblaw Companies has a consensus rating of “Moderate Buy” and an average price target of C$162.43.

Loblaw Companies Price Performance

TSE L traded down C$0.68 on Friday, hitting C$153.93. 236,889 shares of the company’s stock were exchanged, compared to its average volume of 362,227. The stock has a 50-day moving average of C$149.29 and a 200-day moving average of C$133.72. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 156.41. Loblaw Companies has a 52 week low of C$110.52 and a 52 week high of C$155.22. The stock has a market cap of C$47.60 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 2.53 and a beta of 0.12.

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

Insiders Place Their Bets

In other Loblaw Companies news, Senior Officer Frank Gambioli sold 4,603 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total transaction of C$662,832.00. In other news, Senior Officer Jeffrey Francis Leger sold 10,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$147.50, for a total transaction of C$1,475,000.00. Also, Senior Officer Frank Gambioli sold 4,603 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total transaction of C$662,832.00. In the last ninety days, insiders sold 71,495 shares of company stock worth $10,547,163. Company insiders own 52.69% of the company’s stock.

Loblaw Companies Company Profile

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.