Loblaw Companies (TSE:L) PT Raised to C$159.00

Loblaw Companies (TSE:L) had its target price hoisted by investment analysts at National Bankshares from C$156.00 to C$159.00 in a research note issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective points to a potential upside of 3.29% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. CIBC reduced their price target on shares of Loblaw Companies from C$150.00 to C$149.00 and set an “outperform” rating on the stock in a research report on Friday, February 23rd. Royal Bank of Canada increased their price target on shares of Loblaw Companies from C$170.00 to C$172.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. BMO Capital Markets increased their price target on shares of Loblaw Companies from C$130.00 to C$145.00 in a research report on Friday, February 23rd. Desjardins increased their price target on shares of Loblaw Companies from C$148.00 to C$157.00 and gave the stock a “hold” rating in a research report on Monday, April 29th. Finally, TD Securities increased their price target on shares of Loblaw Companies from C$150.00 to C$160.00 and gave the stock 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 issued a buy rating to the stock. Based on data from MarketBeat, Loblaw Companies currently has an average rating of “Moderate Buy” and an average target price of C$162.43.

Loblaw Companies Trading Down 0.4 %

TSE L opened at C$153.93 on Thursday. The firm’s 50-day moving average is C$149.29 and its two-hundred day moving average is C$133.72. Loblaw Companies has a 12 month low of C$110.52 and a 12 month high of C$155.22. The company has a debt-to-equity ratio of 156.41, a current ratio of 1.25 and a quick ratio of 0.68. The stock has a market capitalization of C$47.60 billion, a P/E ratio of 23.61, a PEG ratio of 2.53 and a beta of 0.12.

Loblaw Companies (TSE:L) last posted its 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. The company had revenue of C$14.53 billion for the quarter, compared to analysts’ expectations of C$14.58 billion. Loblaw Companies had a net margin of 3.53% and a return on equity of 18.96%. On average, sell-side analysts anticipate that Loblaw Companies will post 8.4881297 earnings per share for the current year.

Insider Buying and Selling

In other Loblaw Companies news, Senior Officer Kieran Barry Columb sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$150.00, for a total value of C$1,500,000.00. In other Loblaw Companies news, Senior Officer Kieran Barry Columb sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$150.00, for a total value of C$1,500,000.00. Also, Senior Officer Robert Wayne Wiebe sold 16,583 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of C$150.00, for a total transaction of C$2,487,450.00. Over the last ninety days, insiders have sold 71,495 shares of company stock worth $10,547,163. Company 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.