Desjardins Issues Positive Forecast for Loblaw Companies (TSE:L) Stock Price

Loblaw Companies (TSE:L) had its target price upped by Desjardins from C$172.00 to C$190.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. Desjardins also issued estimates for Loblaw Companies’ Q4 2024 earnings at $2.21 EPS, FY2024 earnings at $8.57 EPS and FY2025 earnings at $9.38 EPS.

A number of other research firms have also commented on L. CIBC raised their price target on Loblaw Companies from C$171.00 to C$189.00 in a research report on Friday, July 26th. National Bankshares increased their price objective on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday. BMO Capital Markets raised their price target on Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. TD Securities reduced their target price on Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Royal Bank of Canada lifted their price target on Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday, November 12th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Loblaw Companies presently has a consensus rating of “Moderate Buy” and a consensus target price of C$191.29.

Loblaw Companies Trading Up 0.5 %

TSE L opened at C$181.49 on Thursday. The firm has a market cap of C$55.43 billion, a P/E ratio of 27.50, a P/E/G ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. The stock’s 50-day moving average is C$177.66 and its 200-day moving average is C$168.01. Loblaw Companies has a one year low of C$116.81 and a one year high of C$188.77.

Loblaw Companies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Sunday, December 15th will be given a dividend of $0.513 per share. This represents a $2.05 annualized dividend and a dividend yield of 1.13%. Loblaw Companies’s dividend payout ratio is currently 31.06%.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.