Loblaw Companies (TSE:L) Given a C$75.00 Price Target at TD

Loblaw Companies (TSE:L) received a C$75.00 target price from research analysts at TD in a report issued on Thursday, BayStreet reports. The firm currently has a “buy” rating on the stock. TD’s target price would suggest a potential upside of 22.25% from the stock’s previous close.

A number of other research firms have also recently weighed in on L. Scotia upped their target price on shares of Loblaw Companies from C$64.00 to C$67.00 and gave the company a “sector perform” rating in a research note on Friday, July 31st. TD Securities raised Loblaw Companies to a “strong-buy” rating in a report on Wednesday, July 29th. Desjardins upped their target price on shares of Loblaw Companies from C$70.00 to C$72.00 and gave the stock a “buy” rating in a report on Friday, July 31st. National Bank Financial increased their target price on shares of Loblaw Companies from C$67.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. Finally, BMO Capital Markets lifted their price target on shares of Loblaw Companies from C$70.00 to C$73.00 and gave the company an “outperform” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$71.44.

Loblaw Companies Stock Performance

Shares of L traded down C$1.08 on Thursday, reaching C$61.35. 821,519 shares of the stock traded hands, compared to its average volume of 1,334,106. The stock’s 50-day moving average price is C$63.16 and its 200-day moving average price is C$63.12. The company has a debt-to-equity ratio of 151.15, a current ratio of 1.06 and a quick ratio of 0.68. The firm has a market cap of C$70.90 billion, a price-to-earnings ratio of 26.00, a P/E/G ratio of 3.23 and a beta of 0.06. Loblaw Companies has a 12 month low of C$52.92 and a 12 month high of C$69.59.

Loblaw Companies (TSE:L) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.66 earnings per share for the quarter. The firm had revenue of C$15.05 billion for the quarter. Loblaw Companies had a net margin of 4.32% and a return on equity of 25.25%. Equities analysts forecast that Loblaw Companies will post 9.1225541 EPS for the current fiscal year.

Insider Transactions at Loblaw Companies

In other news, insider Mark William Henry Wilson sold 24,496 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of C$62.68, for a total transaction of C$1,535,409.28. Also, insider Per Bank sold 203,623 shares of the firm’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$62.01, for a total transaction of C$12,626,662.23. Over the last ninety days, insiders sold 267,881 shares of company stock valued at $16,627,713. Insiders own 53.77% of the company’s stock.

Loblaw Companies Company Profile

Loblaw is Canada’s food and pharmacy leader, and the nation’s largest retailer. Loblaw provides Canadians with grocery, pharmacy, health and beauty, apparel, general merchandise, financial services and wireless mobile products and services. With more than 2,800 corporate franchised and Associate-owned locations, Loblaw, its franchisees and Associate-owners employ more than 220,000 full- and part-time employees, making it one of Canada’s largest private sector employers. Loblaw’s purpose – Live Life Well® – puts first the needs and well-being of Canadians who make one billion transactions annually in the company’s stores.