Loblaw Companies (TSE:L) Price Target Cut to C$64.00 by Analysts at Scotia

Loblaw Companies (TSE:L) had its target price reduced by research analysts at Scotia from C$70.00 to C$64.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Scotia’s price target would indicate a potential upside of 6.12% from the stock’s previous close.

Several other analysts also recently weighed in on L. Canadian Imperial Bank of Commerce lowered their target price on shares of Loblaw Companies from C$75.00 to C$69.00 in a report on Thursday. BMO Capital Markets increased their target price on Loblaw Companies from C$63.00 to C$68.00 and gave the stock a “market perform” rating in a research note on Monday, February 23rd. Scotiabank cut shares of Loblaw Companies from an “outperform” rating to a “hold” rating and set a C$70.00 price target on the stock. in a research note on Thursday, April 9th. TD Securities lifted their price target on Loblaw Companies from C$65.00 to C$75.00 and gave the stock a “buy” rating in a research note on Monday, February 23rd. Finally, National Bank Financial increased 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 research report on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$69.25.

Loblaw Companies Stock Performance

Shares of L stock traded up C$0.58 during trading hours on Thursday, hitting C$60.31. The stock had a trading volume of 611,698 shares, compared to its average volume of 1,354,069. The company has a debt-to-equity ratio of 227.92, a current ratio of 1.08 and a quick ratio of 0.68. The firm has a market capitalization of C$70.68 billion, a PE ratio of 27.17, a PEG ratio of 3.23 and a beta of 0.31. The stock’s 50 day moving average is C$62.93 and its 200 day moving average is C$62.18. Loblaw Companies has a twelve month low of C$52.92 and a twelve month high of C$69.59.

Loblaw Companies (TSE:L) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.52 EPS for the quarter. Loblaw Companies had a net margin of 4.17% and a return on equity of 24.03%. The firm had revenue of C$14.48 billion during the quarter. As a group, research analysts forecast that Loblaw Companies will post 9.1225541 earnings per share for the current fiscal year.

Key Stories Impacting Loblaw Companies

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

• Positive Sentiment: Loblaw raised its quarterly dividend, signaling confidence in cash flow and returning capital to shareholders. Loblaw reports Q1 profit and sales up from year ago, raises quarterly dividend
• Positive Sentiment: The company received approval to renew a share buyback program, which can support the share price and EPS over time. Loblaw Gets Go Ahead for Renewed Share Buyback Program
• Positive Sentiment: Adjusted diluted net earnings per common share grew ~10.6%; Q1 EPS was C$0.52 and net margin/ROE remain healthy, supporting profitability metrics. Loblaw Reports First Quarter Revenue Growth of 4.2% and Adjusted Diluted Net Earnings Per Common Share Growth of 10.6%
• Positive Sentiment: Management highlighted that expansion of discount banners is driving traffic and margin improvement, helping Q1 profit growth. Loblaw profit climbs as discount stores fuel growth
• Neutral Sentiment: Retail revenue for Q1 was about C$14.48B (close to C$14.5B), reflecting ~4.2% year-over-year growth — a solid top line but mixed versus expectations. Loblaw reports Q1 retail revenue of close to $14.5 billion
• Neutral Sentiment: Management commentary and details are available in the Q1 earnings call transcript for investors seeking guidance and category-level color. Loblaw Q1 2026 Earnings Call Transcript
• Negative Sentiment: Despite revenue growth, the company missed some analysts’ revenue estimates this quarter, which tempers the headline results and is likely why some investors were cautious. Canada’s Loblaw misses first-quarter revenue estimates

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.