Loblaw Companies Ltd (L) Price Target Lowered to C$80.00 at Raymond James Financial, Inc.
Loblaw Companies Ltd (TSE:L) had its price objective cut by Raymond James Financial, Inc. from C$81.00 to C$80.00 in a report issued on Thursday morning. They currently have an outperform rating on the stock.
Other research analysts have also issued reports about the company. TD Securities cut their price objective on Loblaw Companies from C$88.00 to C$85.00 and set a buy rating on the stock in a report on Tuesday, July 18th. Eight Capital cut their price objective on Loblaw Companies from C$82.00 to C$78.00 in a report on Friday, July 21st. Royal Bank Of Canada reissued an outperform rating and issued a C$87.00 price objective on shares of Loblaw Companies in a report on Friday, April 21st. National Bank Financial cut their price objective on Loblaw Companies from C$81.00 to C$78.00 and set an outperform rating on the stock in a report on Thursday. Finally, Scotiabank reissued a sector perform rating and issued a C$77.00 price objective on shares of Loblaw Companies in a report on Tuesday, May 2nd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of C$81.00.
Shares of Loblaw Companies (TSE L) opened at 68.06 on Thursday. The company has a market capitalization of $26.84 billion and a P/E ratio of 22.73. The firm’s 50 day moving average price is $72.09 and its 200-day moving average price is $72.22. Loblaw Companies has a 1-year low of $62.33 and a 1-year high of $78.87.
Loblaw Companies (TSE:L) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.01. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $10.96 billion. Loblaw Companies had a return on equity of 7.82% and a net margin of 2.23%. Analysts expect that Loblaw Companies will post $4.44 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, October 1st. Investors of record on Friday, September 15th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, September 14th.
About Loblaw Companies
Loblaw Companies Limited is a Canada-based holding company. The Company operates through three segments: Retail, Financial Services and Choice Properties. The Company’s Retail segment consists of corporate and franchise-owned retail food and Associate-owned drug stores, and includes in-store pharmacies and other health and beauty products, gas bars, apparel and other general merchandise.
Receive News & Ratings for Loblaw Companies Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Loblaw Companies Ltd and related companies with Analyst Ratings Network's FREE daily email newsletter.