Loblaw stock: National Bank raises target from CAD 70.00 to CAD 72.00

Published on 10/21/2026 at 16:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

National Bank raised its target to CAD 72.00 on October 21, 2026. Loblaw stock costs EUR 43.90 on October 21, 2026 at 3:42 p.m. CEST.

National Bank target raised

National Bank raised its Loblaw target from CAD 70.00 to CAD 72.00 on October 21, 2026.
Second-quarter 2026 revenue reached CAD 15.05 billion, up 4.10 percent year over year.
Loblaw stock costs EUR 43.90 at Lang & Schwarz on October 21, 2026 at 3:42 p.m. CEST.
Loblaw is scheduled to report third-quarter 2026 results on November 18, 2026.

Loblaw, CA5394811015, Illustration mit AI erstellt.

Loblaw Companies Limited (ISIN CA5394811015) has received a higher target from National Bank Financial, which lifted its forecast from CAD 70.00 to CAD 72.00 on October 21, 2026, while retaining an outperform rating, The Globe and Mail reported. The stock was trading at EUR 43.90 at Lang & Schwarz on October 21, 2026 at 3:42 p.m. CEST.

Target points to CAD 72.00

National Bank analyst Vishal Shreedhar described Loblaw as a preferred grocery pick and cited predictable earnings growth, improvement initiatives, stable earnings-per-share growth and favorable discount and pharmacy trends. The CAD 72.00 target is 4.30 percent above the TSX quote of CAD 69.03 at 9:58 a.m. EDT on October 21, 2026.

Revenue reached CAD 15.05 billion

Loblaw's second-quarter 2026 revenue rose 4.10 percent year over year to CAD 15.05 billion, while adjusted earnings per share reached CAD 0.66, according to MarketBeat. The quarter ended June 20, 2026, and the reported revenue was higher than the CAD 14.48 billion recorded in the first quarter of 2026.

Stock stays below CAD 70.23

Loblaw's TSX price of CAD 69.03 stood CAD 1.20 below its 52-week high of CAD 70.23 and CAD 14.59 above its 52-week low of CAD 54.44 on October 21, 2026. The market capitalization was CAD 79.8 billion, the price-to-earnings ratio was 29.35 and trading volume was 56,739 shares at the same timestamp.

November results date approaches

Loblaw is scheduled to report third-quarter 2026 earnings on November 18, 2026, according to Barron's. The same source lists an estimated third-quarter earnings-per-share figure of CAD 0.74, compared with CAD 0.66 reported for the second quarter.

Comparison with peers

Loblaw: down 0.09 percent, P/E 29.35, market capitalization CAD 79.8 billion.

Metro: down 0.02 percent, P/E 22.83, market capitalization CAD 20.1 billion.

Empire Company: down 0.35 percent, P/E 52.46, market capitalization CAD 11.4 billion.

Price remains near the yearly high

The TSX quote remained CAD 1.20 below Loblaw's 52-week high on October 21, 2026, while the National Bank target stood CAD 2.97 above the same quote. The next results date gives investors a defined checkpoint for testing the analyst view against new operating figures.

The stock was trading at EUR 43.90 at Lang & Schwarz on October 21, 2026 at 3:42 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Loblaw stock.