Loblaw Companies Ltd (TSE:L) – Investment analysts at National Bank Financial reduced their FY2019 earnings estimates for shares of Loblaw Companies in a note issued to investors on Tuesday, November 6th. National Bank Financial analyst V. Shreedhar now expects that the company will post earnings per share of $4.45 for the year, down from their previous forecast of $5.24. National Bank Financial currently has a “Sector Perform” rating and a $59.00 target price on the stock.
L has been the topic of a number of other research reports. TD Securities upped their price objective on shares of Loblaw Companies from C$81.00 to C$82.00 and gave the stock a “buy” rating in a report on Thursday, July 26th. BMO Capital Markets cut their price objective on shares of Loblaw Companies from C$82.00 to C$70.00 and set an “outperform” rating on the stock in a report on Wednesday. CIBC cut their price objective on shares of Loblaw Companies from C$82.00 to C$69.00 in a report on Thursday. Royal Bank of Canada cut their price objective on shares of Loblaw Companies from C$84.00 to C$73.00 and set an “outperform” rating on the stock in a report on Friday, November 2nd. Finally, Raymond James upped their price objective on shares of Loblaw Companies from C$82.00 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of C$72.50.
In other news, Director Robert Sawyer purchased 2,000 shares of the business’s stock in a transaction dated Thursday, September 6th. The shares were purchased at an average price of C$69.29 per share, for a total transaction of C$138,580.00. Also, insider Kieran Barry Columb sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 11th. The shares were sold at an average price of C$68.56, for a total transaction of C$685,600.00. In the last quarter, insiders have sold 47,288 shares of company stock worth $3,263,792.
About Loblaw Companies
Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift card, and telecommunication services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.
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