Loblaw Companies (TSE:L – Get Free Report) had its price objective boosted by stock analysts at National Bankshares from C$175.00 to C$188.00 in a research note issued on Thursday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 6.08% from the stock’s previous close.
Several other research firms have also recently weighed in on L. CIBC raised their target price on shares of Loblaw Companies from C$171.00 to C$189.00 in a research note on Friday, July 26th. Desjardins raised their price objective on Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. BMO Capital Markets boosted their target price on Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. Finally, TD Securities raised their price target on Loblaw Companies from C$172.00 to C$186.00 and gave the company a “buy” rating in a report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$178.29.
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Loblaw Companies Price Performance
Loblaw Companies (TSE:L – Get Free Report) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$2.15 earnings per share for the quarter, topping the consensus estimate of C$2.14 by C$0.01. Loblaw Companies had a return on equity of 19.22% and a net margin of 3.46%. The business had revenue of C$13.95 billion during the quarter, compared to the consensus estimate of C$14.07 billion. As a group, analysts expect that Loblaw Companies will post 9.1225541 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Loblaw Companies news, Director Willard Galen Garfield Weston sold 296 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of C$165.15, for a total transaction of C$48,884.02. In related news, Senior Officer Nicholas Henn sold 164 shares of Loblaw Companies stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of C$165.15, for a total transaction of C$27,084.39. Also, Director Willard Galen Garfield Weston sold 296 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of C$165.15, for a total transaction of C$48,884.02. Insiders own 53.77% of the company’s stock.
About Loblaw Companies
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.
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