Loblaw Companies (TSE:L) Price Target Raised to C$171.00

Loblaw Companies (TSE:L) had its target price upped by stock analysts at CIBC from C$159.00 to C$171.00 in a report released on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price objective points to a potential upside of 10.65% from the company’s current price.

Other analysts also recently issued reports about the stock. National Bankshares boosted their price target on shares of Loblaw Companies from C$156.00 to C$159.00 and gave the stock an “outperform” rating in a research note on Thursday. Royal Bank of Canada boosted their price objective on shares of Loblaw Companies from C$170.00 to C$172.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Scotiabank boosted their price objective on shares of Loblaw Companies from C$146.00 to C$148.27 and gave the company a “sector perform” rating in a research report on Monday, April 22nd. BMO Capital Markets boosted their price objective on shares of Loblaw Companies from C$130.00 to C$145.00 in a research report on Friday, February 23rd. Finally, TD Securities boosted their price target on shares of Loblaw Companies from C$150.00 to C$160.00 and gave the company a “buy” rating in a research report on Friday, February 23rd. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Loblaw Companies has an average rating of “Moderate Buy” and a consensus price target of C$160.71.

Loblaw Companies Price Performance

Shares of L traded up C$1.70 during mid-day trading on Thursday, reaching C$154.54. 137,704 shares of the stock traded hands, compared to its average volume of 361,916. The firm has a fifty day moving average price of C$149.05 and a 200 day moving average price of C$133.58. The company has a market cap of C$47.79 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 2.53 and a beta of 0.12. The company has a current ratio of 1.25, a quick ratio of 0.68 and a debt-to-equity ratio of 156.41. Loblaw Companies has a 1 year low of C$110.52 and a 1 year high of C$155.01.

Loblaw Companies (TSE:L) last posted its quarterly earnings data on Thursday, February 22nd. The company reported C$2.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.92 by C$0.08. Loblaw Companies had a net margin of 3.53% and a return on equity of 18.96%. The company had revenue of C$14.53 billion during the quarter, compared to the consensus estimate of C$14.58 billion. As a group, equities research analysts predict that Loblaw Companies will post 8.4881297 earnings per share for the current year.

Insider Transactions at Loblaw Companies

In related news, Senior Officer Frank Gambioli sold 4,603 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$144.00, for a total transaction of C$662,832.00. In related news, Senior Officer Frank Gambioli sold 4,603 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of C$144.00, for a total transaction of C$662,832.00. Also, Senior Officer Jeffrey Francis Leger sold 10,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of C$147.50, for a total transaction of C$1,475,000.00. Over the last 90 days, insiders have sold 71,495 shares of company stock worth $10,547,163. Corporate insiders own 52.69% 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.