Loblaw Companies (TSE:L) Sets New 52-Week High on Analyst Upgrade

Shares of Loblaw Companies Limited (TSE:L) hit a new 52-week high during trading on Tuesday after TD Securities raised their price target on the stock from C$65.00 to C$75.00. TD Securities currently has a buy rating on the stock. Loblaw Companies traded as high as C$69.27 and last traded at C$69.26, with a volume of 1130900 shares traded. The stock had previously closed at C$67.26.

A number of other analysts also recently issued reports on the company. Canadian Imperial Bank of Commerce lifted their price target on Loblaw Companies from C$58.50 to C$67.00 in a report on Thursday, November 13th. National Bank Financial raised their target price on Loblaw Companies from C$62.00 to C$66.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 28th. Royal Bank Of Canada boosted their target price on Loblaw Companies from C$68.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Friday, January 23rd. Desjardins raised Loblaw Companies from a “hold” rating to a “buy” rating and upped their price target for the company from C$62.00 to C$67.00 in a report on Thursday, December 4th. Finally, BMO Capital Markets raised their price objective 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. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$91.63.

Trending Headlines about Loblaw Companies

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

• Positive Sentiment: Loblaw plans to open 70 new stores in 2026 and says this expansion will broaden its grocery and pharmacy footprint across Canada — a growth driver for sales and market share. Read More.
• Positive Sentiment: The company is committing roughly C$2.4 billion to its retail and distribution network in 2026 and projects creation of about 9,000–9,700 jobs, signaling sustained investment to support long-term revenue growth and e-commerce/fulfillment capacity. Read More.
• Positive Sentiment: TD Securities raised its price target to C$75 and has a “buy” rating, providing analyst support that can attract buyers and justify the rally. Read More.
• Neutral Sentiment: BMO Capital Markets bumped its target to C$68 but maintained a “market perform” rating — a more cautious stance that tempers upside expectations and may limit momentum. Read More.
• Negative Sentiment: Large 2026 capital spending (reported at about C$1.75B–C$2.4B for new stores, renovations and distribution) will increase cash outflows and could pressure near-term margins and free cash flow — a risk given Loblaw’s relatively high leverage. Read More.

Loblaw Companies Stock Performance

The company has a market cap of C$81.81 billion, a PE ratio of 33.83, a PEG ratio of 3.23 and a beta of 0.30. The stock has a 50 day simple moving average of C$63.59 and a two-hundred day simple moving average of C$68.16. The company has a debt-to-equity ratio of 166.11, a current ratio of 1.29 and a quick ratio of 0.68.

Loblaw Companies Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Tuesday, December 30th were given a $0.1411 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.56 annualized dividend and a yield of 0.8%. Loblaw Companies’s dividend payout ratio is 26.31%.

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.