Loblaw Companies (TSE: L) has recently received a number of price target changes and ratings updates:

  • 7/27/2017 – Loblaw Companies had its price target lowered by analysts at National Bank Financial from C$81.00 to C$78.00. They now have an “outperform” rating on the stock.
  • 7/27/2017 – Loblaw Companies had its price target lowered by analysts at Scotiabank from C$79.00 to C$76.00. They now have a “sector perform” rating on the stock.
  • 7/27/2017 – Loblaw Companies had its price target lowered by analysts at Raymond James Financial, Inc. from C$81.00 to C$80.00. They now have an “outperform” rating on the stock.
  • 7/27/2017 – Loblaw Companies had its price target lowered by analysts at BMO Capital Markets from C$85.00 to C$82.00. They now have an “outperform” rating on the stock.
  • 7/21/2017 – Loblaw Companies had its price target lowered by analysts at Eight Capital from C$82.00 to C$78.00.
  • 7/18/2017 – Loblaw Companies had its price target lowered by analysts at TD Securities from C$88.00 to C$85.00. They now have a “buy” rating on the stock.
  • 6/22/2017 – Loblaw Companies had its price target lowered by analysts at Desjardins from C$85.00 to C$81.00. They now have a “buy” rating on the stock.

Loblaw Companies Ltd (TSE:L) opened at 67.98 on Friday. The stock has a market cap of $26.81 billion and a PE ratio of 22.71. The firm has a 50-day moving average price of $70.56 and a 200 day moving average price of $72.13. Loblaw Companies Ltd has a 52-week low of $62.33 and a 52-week high of $78.87.

Loblaw Companies (TSE:L) last issued its earnings results on Wednesday, July 26th. The company reported $1.11 EPS for the quarter, beating the consensus estimate of $1.10 by $0.01. Loblaw Companies had a return on equity of 7.82% and a net margin of 2.23%. The business had revenue of $11.08 billion for the quarter, compared to the consensus estimate of $10.96 billion. On average, analysts forecast that Loblaw Companies Ltd will post $4.44 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Sunday, October 1st. Stockholders of record on Friday, September 15th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.59%.

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.

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