Loblaw Companies (TSE:L) Given New C$72.00 Price Target at Desjardins

Loblaw Companies (TSE:L) had its price target boosted by Desjardins from C$70.00 to C$72.00 in a report issued on Friday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other analysts have also weighed in on the company. TD Securities raised Loblaw Companies to a “strong-buy” rating in a report on Wednesday. BMO Capital Markets raised Loblaw Companies from a “hold” rating to an “outperform” rating and lifted their price target for the stock from C$68.00 to C$70.00 in a research note on Monday, July 20th. Canadian Imperial Bank of Commerce cut their price target on Loblaw Companies from C$75.00 to C$69.00 in a research note on Thursday, May 7th. Scotia boosted their price objective on shares of Loblaw Companies from C$64.00 to C$67.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, Scotiabank cut shares of Loblaw Companies from an “outperform” rating to a “hold” rating and set a C$70.00 price objective on the stock. in a research note on Thursday, April 9th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Loblaw Companies has an average rating of “Moderate Buy” and a consensus price target of C$71.00.

Loblaw Companies Price Performance

Shares of TSE:L opened at C$65.81 on Friday. The firm has a market capitalization of C$76.60 billion, a price-to-earnings ratio of 28.61, a price-to-earnings-growth ratio of 3.23 and a beta of 0.13. The company has a debt-to-equity ratio of 151.15, a current ratio of 1.06 and a quick ratio of 0.68. The business’s 50 day simple moving average is C$64.22 and its 200-day simple moving average is C$63.59. Loblaw Companies has a 12 month low of C$52.92 and a 12 month high of C$69.59.

Loblaw Companies (TSE:L) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.66 earnings per share for the quarter. The firm had revenue of C$15.05 billion during the quarter. Loblaw Companies had a return on equity of 25.25% and a net margin of 4.32%. As a group, equities analysts forecast that Loblaw Companies will post 9.1225541 earnings per share for the current fiscal year.

Loblaw Companies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Wednesday, July 1st were given a $0.1552 dividend. This is an increase from Loblaw Companies’s previous quarterly dividend of $0.14. This represents a $0.62 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, June 15th. Loblaw Companies’s dividend payout ratio (DPR) is presently 24.53%.

Insider Buying and Selling at Loblaw Companies

In other Loblaw Companies news, insider Melanie Singh sold 4,820 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$66.72, for a total value of C$321,590.40. Also, Director Nicholas Henn sold 10,000 shares of Loblaw Companies stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of C$67.00, for a total value of C$670,000.00. Corporate insiders own 53.77% of the company’s stock.

More Loblaw Companies News

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

• Positive Sentiment: Broad analyst target increases support the stock: BMO Capital Markets raised its target to C$73 from C$70 and kept an “outperform” rating. National Bank Financial lifted its target to C$70 from C$67, while Desjardins increased its target to C$72 from C$70 and assigned a “buy” rating. Scotia raised its target to C$67 from C$64, maintaining a “sector perform” rating. The revisions imply limited to double-digit upside from recent levels. Analyst rating updates
• Positive Sentiment: Discount-store expansion remains a growth catalyst: Loblaw plans approximately 75 store openings in 2027, as management describes consumers’ shift toward discount grocery as a long-term trend. The expansion could support market-share gains and sustained revenue growth. Loblaw discount expansion plans
• Positive Sentiment: Quarterly results provide fundamental support: Loblaw reported C$15.05 billion in quarterly revenue and C$0.66 in earnings per share, with a 24.88% return on equity. TD Securities also upgraded the stock to “strong buy,” adding to the favorable analyst sentiment. Loblaw quarterly results
• Neutral Sentiment: Consumers remain highly price-sensitive: Management said shoppers are turning to frozen produce to manage elevated food prices. This reinforces demand for Loblaw’s discount offerings but may limit consumers’ willingness to purchase higher-margin products. Loblaw consumer spending trends

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. 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.