Loblaw Companies (OTCMKTS:LBLCF) Shares Gap Up – Time to Buy?

Shares of Loblaw Companies Limited (OTCMKTS:LBLCF) gapped up before the market opened on Tuesday . The stock had previously closed at $45.24, but opened at $48.24. Loblaw Companies shares last traded at $48.24, with a volume of 257 shares trading hands.

Loblaw Companies Stock Performance

The company has a fifty day moving average price of $46.93 and a two-hundred day moving average price of $43.80. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.35 and a quick ratio of 0.74. The company has a market capitalization of $53.92 billion and a P/E ratio of 48.54.

Loblaw Companies (OTCMKTS:LBLCF) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). Loblaw Companies had a net margin of 4.13% and a return on equity of 25.38%. The business had revenue of $11.92 billion during the quarter, compared to the consensus estimate of $12.23 billion.

About Loblaw Companies

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.