Analysts have given Loblaw Companies Limited (TSE:L) a consensus rating of “Moderate Buy.” –

According to Bloomberg, the nine brokers currently covering Loblaw Companies Limited (TSE:L) have given the stock an average rating of “Moderate Buy,” suggesting that investors should buy the company’s shares. Loblaw Companies Limited is listed on the Toronto Stock Exchange. There was one research analyst who recommended selling shares in the company while five research analysts recommended buying shares in the company. At this time, brokerage firms covering the company over the past year have set an average price target of CA$123.78.
In the past few months, several analysts have released the results of studies they have conducted on L shares. The company’s target price for shares of Loblaw Companies has risen from $118.00 to $130.00 since the beginning of the month, according to research published by BMO Capital Markets on Thursday, July 28. Scotiabank’s price target for Loblaw Companies has been increased from $160.00 to $118.00 following an announcement in a research note published on Thursday, July 28th. In a research note issued Thursday, July 28, CIBC announced its decision to raise its price target on Loblaw Companies in a research note. The new price target is CAD$130.00 versus the previous price target of CAD$129.00. In a research report released to the public on Thursday, July 28, the Royal Bank of Canada increased its price target on Loblaw Companies to $154.00 from $133.00. It rated the stock as “outperforming”. TD Securities downgraded Loblaw Companies from a “hold” rating to a “buy” rating and raised its price target to $130.00 from $125.00 in a research report published Thursday, July 28. Furthermore, the price target was raised from C$125.00 to CA$130.00.
On Friday, shares of the Loblaw Companies began trading at CA$111.98 per share. That was the opening price. Over the past two hundred days, the company’s share price has settled at an average of CAD$115.52, while the price has risen to CAD$117.44 over the past fifty days. Over the past 12 months, Loblaw Companies’ share price has ranged from a low of CAD$83.32 to a high of CAD$124.77. The company has a price-to-earnings ratio of 18.92 and its market capitalization is currently C$36.70 billion. There is a debt to equity ratio of 147.69, a quick ratio of 0.71, a current ratio of 1.35 and a quick ratio of 0.71.

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On Wednesday, July 27th, the latest earnings report for Loblaw Companies (TSE:L) was released, which was then released to the public. The company’s quarterly earnings per share (EPS) came in at CA$1.69, up $0.07 from the median forecast of CA$1.62. In other words, the company beat expectations by $0.07. In addition, the company announced that its revenue for the quarter was $12.85 billion, down from the $12.95 billion that analysts had forecast for the company. According to forecasts by equity research specialists, Loblaw Companies Revenue will post earnings of CAD$7.21999999 per share for the current fiscal year.

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In addition, the company announced a quarterly dividend, which is paid on the first Saturday of October. On Thursday, September 15, a dividend payment of $0.405 per share will be made to stockholders “of record” as owners of the Company’s stock. That translates to a yield of 1.44% and an annual dividend payment of $1.62 for each shareholder. Associated with this dividend is a date known as the ex-dividend date, which is the following Wednesday, September 14th. Loblaw Companies has a payout percentage of 25.34 percent.

On the trading day of Thursday, August 11, Senior Officer Kieran Barry Columb sold 5,000 shares of the company. This is another change or evolution that has taken place. The shares were sold for a total of CAD$591,750.00, representing an average selling price of CAD$118.35 per share. Following the closing of the transaction, the company insider now owns 32,021 shares of the company’s shares for a total value of $3,789,685.35. On August 11, Senior Officer Kieran Barry Columb sold 5,000 shares. This is another news. This topic was covered in the section before this one. The shares were sold for a total of CAD$591,750.00, representing an average selling price of CAD$118.35 per share. The insider has 32,021 shares, each worth CA$3,789,685.35. Richard Dufresne, also a director of the company, sold 15,000 shares of the company on Thursday, August 11th. The shares were sold on the open market for a total price of $1,746,505.50, equivalent to $116.43 per share. As a result of the sale, the director now owns 5,884 shares of the company with a total value of approximately $685,095.89. In the most recent transactions, company insiders sold 44,958 shares, raising a total of $5,325,901 for their efforts.

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In addition to serving the Canadian grocery market, Loblaw Companies Limited also serves the pharmacy, health and beauty, fashion, general merchandise, financial services and wireless mobile products and services markets. Its two most important pillars are the retail and financial services sectors. The retail division oversees employee-owned pharmacies and corporate and franchise grocery retail stores. In addition, this area is responsible for clothing retail.

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