Loblaw Companies Ltd (TSE:L) – Equities research analysts at Desjardins lifted their FY2018 earnings per share estimates for shares of Loblaw Companies in a research report issued on Thursday, November 15th. Desjardins analyst K. Howlett now anticipates that the company will post earnings per share of $4.55 for the year, up from their prior forecast of $4.38. Desjardins has a “Buy” rating and a $66.00 price objective on the stock. Desjardins also issued estimates for Loblaw Companies’ Q4 2018 earnings at $1.01 EPS and FY2019 earnings at $4.19 EPS.

A number of other equities analysts have also weighed in on the stock. Barclays lowered their price objective on shares of Loblaw Companies from C$75.00 to C$63.00 in a research report on Monday, November 12th. CIBC lowered their price objective on shares of Loblaw Companies from C$82.00 to C$69.00 in a research report on Thursday, November 8th. TD Securities lowered their price objective on shares of Loblaw Companies from C$82.00 to C$69.00 in a research report on Friday, November 2nd. BMO Capital Markets lowered their price objective on shares of Loblaw Companies from C$82.00 to C$70.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 7th. Finally, Royal Bank of Canada lowered their price objective on shares of Loblaw Companies from C$84.00 to C$73.00 and set an “outperform” rating on the stock in a research report on Friday, November 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of C$68.22.

Shares of Loblaw Companies stock opened at C$58.79 on Monday. Loblaw Companies has a 12 month low of C$50.22 and a 12 month high of C$59.40. The company has a debt-to-equity ratio of 123.69, a current ratio of 1.14 and a quick ratio of 0.62.

In other Loblaw Companies news, insider Kieran Barry Columb sold 10,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of C$69.38, for a total transaction of C$693,800.00. Also, insider Garry Senecal sold 765 shares of the business’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of C$67.60, for a total transaction of C$51,714.00. Over the last quarter, insiders sold 20,765 shares of company stock worth $1,431,114.

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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Earnings History and Estimates for Loblaw Companies (TSE:L)

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