Desjardins Raises Loblaw Companies (TSE:L) Price Target to C$190.00

Loblaw Companies (TSE:L) had its price objective hoisted by investment analysts at Desjardins from C$172.00 to C$190.00 in a report issued on Thursday,BayStreet.CA reports. Desjardins’ price target would suggest a potential upside of 4.69% from the stock’s current price. 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.

Several other brokerages have also commented on L. BMO Capital Markets boosted their target price on shares of Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. Royal Bank of Canada upped their target price on shares of Loblaw Companies from C$183.00 to C$205.00 in a research report on Tuesday. CIBC increased their target price on shares of Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. National Bankshares boosted their price target on Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday. Finally, TD Securities dropped their price objective 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Loblaw Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of C$191.29.

Loblaw Companies Stock Up 0.5 %

L opened at C$181.49 on Thursday. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. Loblaw Companies has a 12 month low of C$116.81 and a 12 month high of C$188.77. The stock has a market capitalization of C$55.43 billion, a P/E ratio of 27.26, a P/E/G ratio of 3.23 and a beta of 0.17. The business has a 50 day simple moving average of C$177.55 and a 200-day simple moving average of C$167.91.

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.