Loblaw Companies (TSE:L) Sets New 12-Month High on Analyst Upgrade

Loblaw Companies Limited (TSE:L)’s stock price reached a new 52-week high 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 trading hands. The stock had previously closed at C$67.26.

L has been the topic of several other reports. National Bank Financial lifted their target price on shares of 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. Canadian Imperial Bank of Commerce raised their price target on shares of Loblaw Companies from C$58.50 to C$67.00 in a research note on Thursday, November 13th. Desjardins upgraded shares of Loblaw Companies from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$62.00 to C$67.00 in a report on Thursday, December 4th. BMO Capital Markets increased their price objective on Loblaw Companies from C$63.00 to C$68.00 and gave the company a “market perform” rating in a report on Monday. Finally, Royal Bank Of Canada lifted their target price on Loblaw Companies from C$68.00 to C$72.00 and gave the stock an “outperform” rating in a report on Friday, January 23rd. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$91.63.

Key Loblaw Companies News

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

• Positive Sentiment: Loblaw announced a large 2026 expansion plan to open ~70 new stores, renovate many locations and create roughly 9,700 jobs — a growth push that should expand revenue footprint and drive sales. Loblaw looks to build 70 new stores in 2026, renovate 191 locations
• Positive Sentiment: Analyst upgrades helped lift the stock to a 52‑week high — TD Securities raised its price target to C$75 and issued a buy, signaling institutional confidence in Loblaw’s outlook. Loblaw Companies (TSE:L) Sets New 52-Week High on Analyst Upgrade
• Positive Sentiment: Loblaw plans to add discount-format stores as Canadian shoppers respond to elevated food costs — a strategic move that can protect market share and volume if food-price pressure persists. Loblaw to Add Discount Stores as Food Costs Continues to Shape Canadian Shopping Habits — Update
• Neutral Sentiment: Different outlets report varying 2026 investment totals (reports of roughly C$1.75B vs. C$2.4B) — confirms major spend but leaves exact near‑term cash outflow expectations a bit unclear. Canada’s Loblaw to invest $1.75 billion in 2026, create 9,700 new jobs
• Neutral Sentiment: BMO raised its target to C$68 but kept a market‑perform rating, indicating mixed analyst views on near‑term upside from current levels. Analyst ratings summary (BayStreet.CA)
• Negative Sentiment: Large 2026 capital expenditures (multi‑billion) may weigh on free cash flow and raise scrutiny given Loblaw’s already elevated debt metrics — investors may be pricing in short‑term margin or leverage risk. Loblaw commits $2.4B to retail, distribution network in 2026
• Negative Sentiment: After hitting a 52‑week high on upgrades, the stock is experiencing profit‑taking and a pullback — valuation (P/E ~33) may be prompting short‑term selling. Loblaw Companies (TSE:L) Sets New 52-Week High on Analyst Upgrade

Loblaw Companies Stock Down 2.5%

The stock has a 50 day moving average price of C$63.71 and a 200-day moving average price of C$67.03. The stock has a market capitalization of C$79.75 billion, a P/E ratio of 32.98, a PEG ratio of 3.23 and a beta of 0.30. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders 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 payout ratio is presently 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.