Loblaw Companies (TSE:L) Given New C$67.00 Price Target at Scotia

Loblaw Companies (TSE:L) had its price target upped by Scotia from C$64.00 to C$67.00 in a research note issued to investors on Friday,BayStreet.CA reports. Scotia currently has a sector perform rating on the stock.

L has been the topic of several other reports. Scotiabank lowered 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 report on Thursday, April 9th. BMO Capital Markets upgraded shares of Loblaw Companies from a “hold” rating to an “outperform” rating and lifted their target price for the company from C$68.00 to C$70.00 in a report on Monday, July 20th. Canadian Imperial Bank of Commerce cut their target price on Loblaw Companies from C$75.00 to C$69.00 in a research report on Thursday, May 7th. Finally, TD Securities upgraded Loblaw Companies to a “strong-buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$71.00.

Loblaw Companies Stock Performance

Shares of Loblaw Companies stock opened at C$65.81 on Friday. Loblaw Companies has a 52 week low of C$52.92 and a 52 week high of C$69.59. The business’s fifty day simple moving average is C$64.22 and its 200-day simple moving average is C$63.59. The firm has a market cap of C$76.60 billion, a PE ratio of 28.61, a price-to-earnings-growth ratio of 3.23 and a beta of 0.13. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 151.15.

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

Loblaw Companies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.1552 per share. This represents a $0.62 dividend on an annualized basis and a yield of 0.9%. This is a boost from Loblaw Companies’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, June 15th. Loblaw Companies’s payout ratio is currently 24.53%.

Insider Activity

In related news, insider Melanie Singh sold 4,820 shares of Loblaw Companies stock in a transaction that occurred on Tuesday, June 9th. The shares were 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 the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of C$67.00, for a total transaction of C$670,000.00. 53.77% of the stock is currently owned by corporate insiders.

Loblaw Companies News Summary

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.