Loblaw CO (L-T) Stock Price and News (2024)

FAQs

What is the price prediction for Loblaws stock? ›

L Stock 12 Month Forecast

Based on 7 Wall Street analysts offering 12 month price targets for Loblaw Companies in the last 3 months. The average price target is C$164.01 with a high forecast of C$183.00 and a low forecast of C$145.00. The average price target represents a 5.72% change from the last price of C$155.14.

Own Loblaw shares in just a few minutes. Loblaw is a grocery stores business based in Canada. Loblaw shares (L.TO) are listed on the Toronto stock Exchange (TSX) and all prices are listed in Canadian dollars. Its last market close was C$157.07 – an increase of 1.24% over the previous day.

Loblaw Companies Dividend

Loblaw Companies is a dividend paying company with a current yield of 1.15% that is well covered by earnings. Next payment date is on 1st July, 2024 with an ex-dividend date of 14th June, 2024.

Based on the average daily trading volume of 356,715 during the last six months, daily purchases will be limited to 89,178 Common Shares, other than block purchase exceptions and purchases from George Weston Limited (GWL), Loblaw's majority shareholder.

How much is Loblaw Companies's dividend? TSE:L pays a dividend of C$0.51 per share. TSE:L's annual dividend yield is 1.16%. When is Loblaw Companies ex-dividend date?

The average price target for Target is $186.96. This is based on 28 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $220.00 ,the lowest forecast is $153.00. The average price target represents 18.70% Increase from the current price of $157.51.

The reviews from the experts indicate that Loblaw Companies Ltd is performing well in the grocery and drugstore sectors, benefiting from discount banners and strong private label portfolio. The Shoppers Drug Mart is also contributing to the company's success.

Loblaw (TSX:L) is the final blue-chip stock on this list. It is Canada's largest food and pharmacy retailer and operates a low-risk and defensive business. Thanks to its defensive business model, Loblaw stock remains less volatile and adds stability to your portfolio regardless of the economic situation.

Number of shares outstanding as of May 2024 : 308,900,000

According to Loblaw Companies's latest financial reports and stock price the company's current number of shares outstanding is 308,900,000. At the end of 2024 the company had 308,900,000 shares outstanding.

The net earnings of Loblaw Companies Limited reached approximately 2.19 billion Canadian dollars in the financial year ending December 30, 2023.

Why are people boycotting Loblaws? ›

Boycotters looking for grocery chain to decrease prices

This means they are refusing to shop at stores owned by the company. They say the boycott is in protest of Loblaw continuing to increase its prices despite the continued high cost of living for Canadians. Loblaw says it already takes steps to combat high prices.

George Weston Limited

Loblaw Companies / Parent organization

Imperial Petroleum Inc. stock forecast for 2025: $ 11.82 (227.88%) Imperial Petroleum Inc. stock prediction for 2030: $ 4,479.14 (124,148.03%)

CS Stock Forecast FAQ

Currently there's no upside potential for CS, based on the analysts' average price target. Credit Suisse has a conensus rating of Hold which is based on 0 buy ratings, 1 hold ratings and 0 sell ratings. Credit Suisse's analyst rating consensus is a Hold.

Loblaw Companies Limited completed the acquisition of Shoppers Drug Mart Corporation for $12.4 billion in cash and stock, bringing together the nation's number one grocery retailer and its number one pharmacy and beauty retailer.