Barclays (LON:BARC) analyst Karen Short maintained a Hold rating on Loblaw Companies on Wednesday, setting a price target of C$73, which is approximately 5.07% above the present share price of $56.7.
Short expects Loblaw Companies to post earnings per share (EPS) of $0.98 for the second quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Loblaw Companies, with an average price target of $65.49.
The analysts price targets range from a high of $78.35 to a low of $56.31.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $13.29 billion and a net profit of $702 million. The company's market cap is $19.7 billion.
According to TipRanks.com, Barclays analyst Karen Short is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 11.1% and a 66.67% success rate.
Loblaw Cos. Ltd. is a food retailer, which engages in the provision of drugstore, general merchandise, and financial products and services. It operates through the following business segments: Retail and Financial Services. The Retail segment consists of retail food and Aasociate-owned drug stores, and also includes in-store pharmacies and other health and beauty products, gas bars and apparel and other general merchandise. The Financial Services segment offers credit card services, loyalty programs, insurance brokerage services, personal banking services provided by a major Canadian chartered bank, deposit taking services and telecommunication services. The company was founded in 1919 and is headquartered in Brampton, Canada.