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Loblaw Companies Ltd T.L.PR.B


Primary Symbol: T.L Alternate Symbol(s):  LBLCF | LBLPF

Loblaw Companies Limited is a Canada-based food and pharmacy retailer. The Company provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services. The Company’s segments include Retail and Financial Services. The Retail segment consists primarily of corporates and franchise-owned retail food and Associate-owned drug stores, which includes in-store pharmacies, health care services and other health and beauty products, apparel and other general merchandise. The Financial Services segment provides credit card and everyday banking services, the PC Optimum Program, insurance brokerage services, and telecommunication services. Its brands include Joe Fresh, no name, President's Choice and others.


TSX:L - Post by User

Comment by Chris_torontoon Feb 26, 2021 6:28pm
275 Views
Post# 32677096

RE:earnings out

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.
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