Loblaw Companies (TSE:L) had its target price hoisted by National Bank Financial from C$72.00 to C$73.00 in a research report report published on Wednesday morning. National Bank Financial currently has a sector perform rating on the stock.

Several other brokerages also recently weighed in on L. Desjardins raised their price target on shares of Loblaw Companies from C$76.00 to C$77.00 in a research report on Thursday, July 26th. TD Securities raised their price target on shares of Loblaw Companies from C$81.00 to C$82.00 and gave the company a buy rating in a research report on Thursday, July 26th. CIBC raised their price target on shares of Loblaw Companies from C$78.00 to C$81.00 in a research report on Thursday, July 26th. Raymond James raised their price target on shares of Loblaw Companies from C$82.00 to C$85.00 and gave the company an outperform rating in a research report on Thursday, July 26th. Finally, Barclays raised their price target on shares of Loblaw Companies from C$71.00 to C$75.00 and gave the company a c$69.40 rating in a research report on Monday, July 23rd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of Buy and an average price target of C$78.44.

L stock opened at C$67.80 on Wednesday. Loblaw Companies has a 52-week low of C$63.03 and a 52-week high of C$70.39.

Loblaw Companies (TSE:L) last released its earnings results on Wednesday, July 25th. The company reported C$1.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.10 by C$0.01. Loblaw Companies had a net margin of 0.33% and a return on equity of 0.73%. The firm had revenue of C$10.92 billion during the quarter, compared to analyst estimates of C$10.96 billion.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Saturday, September 15th will be given a $0.295 dividend. This represents a $1.18 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, September 13th.

In other Loblaw Companies news, Director Robert Sawyer purchased 2,000 shares of the company’s stock in a transaction dated Thursday, September 6th. The shares were acquired at an average price of C$69.29 per share, for a total transaction of C$138,580.00. Also, Director Michael James Motz sold 5,000 shares of Loblaw Companies stock in a transaction on Friday, August 17th. The stock was sold at an average price of C$69.26, for a total transaction of C$346,300.00. In the last ninety days, insiders sold 48,526 shares of company stock valued at $3,318,845.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift card, and telecommunication services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.

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Analyst Recommendations for Loblaw Companies (TSE:L)

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