Desjardins Forecasts Strong Price Appreciation for Loblaw Companies (TSE:L) Stock

Loblaw Companies (TSE:L) had its target price hoisted by investment analysts at Desjardins from C$172.00 to C$190.00 in a note issued to investors 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.

L has been the topic of several other research reports. Royal Bank of Canada raised their price objective on Loblaw Companies from C$183.00 to C$205.00 in a report on Tuesday. National Bankshares lifted their price target on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday. BMO Capital Markets increased their price objective on shares of Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. CIBC boosted their target price on shares of Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. Finally, TD Securities cut their price target on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Loblaw Companies currently has an average rating of “Moderate Buy” and a consensus target price of C$191.29.

Loblaw Companies Stock Up 0.5 %

Shares of 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 27.26, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.68 and a current ratio of 1.36. Loblaw Companies has a 1 year low of C$116.81 and a 1 year high of C$188.77. The firm’s 50 day moving average price is C$177.55 and its 200 day moving average price is C$167.91.

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.