Loblaw Companies (TSE:L) Price Target Lowered to C$64.00 at Scotia

Loblaw Companies (TSE:L) had its price objective cut by Scotia from C$70.00 to C$64.00 in a report released on Thursday,BayStreet.CA reports. They currently have a sector perform rating on the stock.

Several other research firms have also recently commented on L. Royal Bank Of Canada upped their target price on shares of Loblaw Companies from C$68.00 to C$72.00 and gave the company an “outperform” rating in a research note on Friday, January 23rd. TD Securities upped their target price on shares of Loblaw Companies from C$65.00 to C$75.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. National Bank Financial upped their target price on shares of Loblaw Companies from C$62.00 to C$66.00 and gave the stock an “outperform” rating in a report on Wednesday, January 28th. Scotiabank lowered shares of Loblaw Companies from an “outperform” rating to a “hold” rating and set a C$70.00 price objective on the stock. in a report on Thursday, April 9th. Finally, Desjardins increased their price objective on shares of Loblaw Companies from C$67.00 to C$70.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Loblaw Companies presently has a consensus rating of “Moderate Buy” and an average price target of C$69.25.

Loblaw Companies Price Performance

Shares of Loblaw Companies stock opened at C$60.10 on Thursday. The firm has a fifty day simple moving average of C$62.78 and a 200-day simple moving average of C$62.19. The company has a current ratio of 1.09, a quick ratio of 0.68 and a debt-to-equity ratio of 153.41. Loblaw Companies has a 1-year low of C$52.92 and a 1-year high of C$69.59. The stock has a market capitalization of C$70.43 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 3.23 and a beta of 0.31.

Loblaw Companies (TSE:L) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.52 earnings per share for the quarter. Loblaw Companies had a net margin of 4.29% and a return on equity of 24.88%. The business had revenue of C$14.48 billion during the quarter. On average, sell-side analysts expect that Loblaw Companies will post 9.1225541 earnings per share for the current year.

Loblaw Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Wednesday, April 1st were paid a dividend of $0.1411 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $0.56 annualized dividend and a yield of 0.9%. Loblaw Companies’s dividend payout ratio (DPR) is presently 24.84%.

More Loblaw Companies News

Here are the key news stories impacting Loblaw Companies this week:

• Positive Sentiment: Q1 profit rose ~18% as the company expands discount-format stores, supporting margin and traffic — a key near-term growth driver. Loblaw first-quarter profit up 18% as discount formats expand
• Positive Sentiment: Strong performance in discount stores, ecommerce and pharmacy lifted overall earnings and points to diversified sales momentum beyond traditional grocery. Loblaw thrives in Q1 behind discount stores, ecommerce
• Positive Sentiment: Board approved a renewed share‑buyback program and raised the quarterly dividend — both capital-return moves that typically support the share price and reduce float. Loblaw Gets Go Ahead for Renewed Share Buyback Program
• Neutral Sentiment: Reported results: EPS C$0.52 and revenue C$14.48B; adjusted diluted EPS up ~10.6% and revenue up ~4.2% year‑over‑year — solid underlying growth but mixed versus expectations. Loblaw Press Release / Earnings
• Negative Sentiment: Some investors flagged a revenue miss versus estimates, which tempers the upbeat profit headlines and could limit multiple expansion. Canada’s Loblaw misses first-quarter revenue estimates
• Negative Sentiment: Analysts trimmed price targets: CIBC lowered its target from C$75 to C$69, and Scotia cut its target from C$70 to C$64 (both noted on BayStreet), reflecting more conservative near‑term outlooks. BayStreet.CA analyst rating updates

About Loblaw Companies

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President’s Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.