Loblaw Companies (TSE:L) Given New C$69.00 Price Target at Canadian Imperial Bank of Commerce

Loblaw Companies (TSE:L) had its price objective decreased by stock analysts at Canadian Imperial Bank of Commerce from C$75.00 to C$69.00 in a report issued on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s target price would suggest a potential upside of 14.41% from the company’s current price.

L has been the topic of several other reports. Royal Bank Of Canada upped their price objective on shares of Loblaw Companies from C$68.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Friday, January 23rd. BMO Capital Markets increased their price target on shares of Loblaw Companies from C$63.00 to C$68.00 and gave the stock a “market perform” rating in a report on Monday, February 23rd. Desjardins lifted their price objective on shares of Loblaw Companies from C$67.00 to C$70.00 and gave the stock a “buy” rating in a report on Thursday, February 26th. TD Securities increased their target price on shares of Loblaw Companies from C$65.00 to C$75.00 and gave the company a “buy” rating in a report on Monday, February 23rd. Finally, National Bank Financial boosted their price target on shares of Loblaw Companies from C$62.00 to C$66.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Loblaw Companies has a consensus rating of “Moderate Buy” and a consensus target price of C$69.25.

Loblaw Companies Price Performance

L traded up C$0.58 during trading on Thursday, reaching C$60.31. 611,698 shares of the company were exchanged, compared to its average volume of 1,354,069. Loblaw Companies has a 12-month low of C$52.92 and a 12-month high of C$69.59. The company’s 50-day moving average is C$62.93 and its two-hundred day moving average is C$62.18. The company has a quick ratio of 0.68, a current ratio of 1.08 and a debt-to-equity ratio of 227.92. The company has a market cap of C$70.68 billion, a price-to-earnings ratio of 27.17, a P/E/G ratio of 3.23 and a beta of 0.31.

Loblaw Companies (TSE:L) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.52 EPS for the quarter. The company had revenue of C$14.48 billion during the quarter. Loblaw Companies had a net margin of 4.17% and a return on equity of 24.03%. Research analysts forecast that Loblaw Companies will post 9.1225541 earnings per share for the current fiscal year.

More Loblaw Companies News

Here are the key news stories impacting Loblaw Companies this week:

• Positive Sentiment: Loblaw raised its quarterly dividend, signaling confidence in cash flow and returning capital to shareholders. Loblaw reports Q1 profit and sales up from year ago, raises quarterly dividend
• Positive Sentiment: The company received approval to renew a share buyback program, which can support the share price and EPS over time. Loblaw Gets Go Ahead for Renewed Share Buyback Program
• Positive Sentiment: Adjusted diluted net earnings per common share grew ~10.6%; Q1 EPS was C$0.52 and net margin/ROE remain healthy, supporting profitability metrics. Loblaw Reports First Quarter Revenue Growth of 4.2% and Adjusted Diluted Net Earnings Per Common Share Growth of 10.6%
• Positive Sentiment: Management highlighted that expansion of discount banners is driving traffic and margin improvement, helping Q1 profit growth. Loblaw profit climbs as discount stores fuel growth
• Neutral Sentiment: Retail revenue for Q1 was about C$14.48B (close to C$14.5B), reflecting ~4.2% year-over-year growth — a solid top line but mixed versus expectations. Loblaw reports Q1 retail revenue of close to $14.5 billion
• Neutral Sentiment: Management commentary and details are available in the Q1 earnings call transcript for investors seeking guidance and category-level color. Loblaw Q1 2026 Earnings Call Transcript
• Negative Sentiment: Despite revenue growth, the company missed some analysts’ revenue estimates this quarter, which tempers the headline results and is likely why some investors were cautious. Canada’s Loblaw misses first-quarter revenue estimates

Loblaw Companies Company Profile

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President’s Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program.