RE:earnings outScotia 12-month price target is $72.
15.5 times F2021 EPS.
My question, why in the world is it being valued at 15.5 times EPS when the market is so flodded with liquidity? Isn't normal valuation when liquidity is more scarce 18 X for grocers? And Loblaw is more than just an average food retailer with some of canada's top brand names, retail locations, etc.