Loblaw Companies (TSE:L – Get Free Report) had its target price upped by research analysts at TD Securities from C$168.00 to C$172.00 in a research report issued to clients and investors on Friday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target would indicate a potential upside of 11.74% from the company’s previous close.
L has been the subject of a number of other reports. Royal Bank of Canada increased their price target on Loblaw Companies from C$170.00 to C$172.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Desjardins increased their price objective on Loblaw Companies from C$148.00 to C$157.00 and gave the company a “hold” rating in a report on Monday, April 29th. Scotiabank increased their price objective on Loblaw Companies from C$148.27 to C$161.00 and gave the company a “sector perform” rating in a report on Thursday. CIBC increased their price objective on Loblaw Companies from C$159.00 to C$171.00 and gave the company an “outperform” rating in a report on Thursday. Finally, National Bankshares increased their price objective on Loblaw Companies from C$156.00 to C$159.00 and gave the company an “outperform” rating in a report on Thursday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Loblaw Companies currently has a consensus rating of “Moderate Buy” and a consensus price target of C$162.43.
Read Our Latest Analysis on Loblaw Companies
Loblaw Companies Stock Down 0.4 %
Loblaw Companies (TSE:L – Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The company reported C$2.00 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of C$14.53 billion during the quarter, compared to analysts’ expectations of C$14.58 billion. Equities analysts expect that Loblaw Companies will post 8.5138274 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Senior Officer Frank Gambioli sold 4,603 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total value of C$662,832.00. In related news, Senior Officer Frank Gambioli sold 4,603 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$144.00, for a total value of C$662,832.00. Also, Senior Officer Jeffrey Francis Leger sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of C$147.50, for a total value of C$1,475,000.00. In the last ninety days, insiders sold 71,495 shares of company stock worth $10,547,163. Company insiders own 53.26% of the company’s stock.
About Loblaw Companies
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.
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