Loblaw Companies (TSE:L) will issue its quarterly earnings data before the market opens on Thursday, February 22nd. Analysts expect the company to announce earnings of C$1.12 per share for the quarter.
Shares of Loblaw Companies (TSE:L) opened at C$65.88 on Tuesday. Loblaw Companies has a fifty-two week low of C$63.30 and a fifty-two week high of C$78.87. The stock has a market cap of $25,480.00, a price-to-earnings ratio of 15.72 and a beta of 0.37.
L has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Loblaw Companies from C$74.00 to C$75.00 in a report on Thursday, November 16th. Desjardins dropped their price objective on shares of Loblaw Companies from C$84.00 to C$76.00 and set a “hold” rating for the company in a report on Tuesday, January 30th. TD Securities lifted their price objective on shares of Loblaw Companies from C$78.00 to C$81.00 in a report on Thursday, November 16th. CIBC dropped their price objective on shares of Loblaw Companies from C$84.00 to C$83.00 in a report on Thursday, November 16th. Finally, Royal Bank of Canada lowered their price target on shares of Loblaw Companies from C$87.00 to C$84.00 and set an “outperform” rating for the company in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of C$79.50.
Loblaw Companies Limited is a Canada-based holding company. The Company operates through three segments: Retail, Financial Services and Choice Properties. The Company’s Retail segment consists of corporate and franchise-owned retail food and Associate-owned drug stores, and includes in-store pharmacies and other health and beauty products, gas bars, apparel and other general merchandise.
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