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    L   CA5394811015

LOBLAW COMPANIES LIMITED

(L)
  Report
Delayed Toronto Stock Exchange  -  04:00:00 2023-02-03 pm EST
115.24 CAD   +0.28%
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TSX dips as lower oil prices pressure energy shares

11/16/2022 | 04:51pm EST

(Adds details throughout; updates prices to close)

*

TSX ends down 36.82 points, or 0.2%, at 19,957.96

*

Energy falls 2.3%; oil settles 1.5% lower

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Materials sector loses 1.3%

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Restaurant Brands gains 7%

TORONTO, Nov 16 (Reuters) - Canada's main stock index fell on Wednesday as lower oil prices weighed on energy shares but gains for consumer-related stocks helped limit the index's decline.

The Toronto Stock Exchange's S&P/TSX composite index ended down 36.82 points, or 0.2%, at 19,957.96.

Still, the index has gained 2.7% since the beginning of the month and is on track for its second straight month of gains as investors welcome signs of decade-high inflation cooling.

Data on Wednesday showed Canada's annual inflation rate holding steady at 6.9% in October, matching analyst forecasts, while core inflation measures were mixed, leaving markets betting on a smaller rate hike at the Bank of Canada's next meeting.

The Toronto market's energy sector fell 2.3% as oil prices settled 1.5% lower at $85.59 a barrel concerns over rising COVID-19 cases in China.

The materials group, which includes precious and base metals miners and fertilizer companies, lost 1.3%, while technology ended 0.7% lower.

Consumer staples was a bright spot, rising 1.6%. It was helped by a gain of 2.3% for Loblaw Cos Ltd after the retailer raised its annual earnings forecast.

Shares of Restaurant Brands International Inc ended 7% higher, helping drive the consumer discretionary sector to a 1.3% gain.

Industrials also gained ground, rising 1.4%. (Reporting by Fergal Smith; Additional reporting by Johann M Cherian in Bengaluru; Editing by Sandra Maler)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BRENT OIL -2.83% 79.73 Delayed Quote.-4.54%
LOBLAW COMPANIES LIMITED 0.28% 115.24 Delayed Quote.-3.74%
RESTAURANT BRANDS INTERNATIONAL INC. 0.15% 67.65 Delayed Quote.4.61%
WTI 0.00% 73.419 Delayed Quote.-5.67%
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Analyst Recommendations on LOBLAW COMPANIES LIMITED
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Financials
Sales 2022 56 144 M 41 954 M 41 954 M
Net income 2022 1 858 M 1 388 M 1 388 M
Net Debt 2022 3 402 M 2 542 M 2 542 M
P/E ratio 2022 20,8x
Yield 2022 1,37%
Capitalization 37 345 M 27 907 M 27 907 M
EV / Sales 2022 0,73x
EV / Sales 2023 0,70x
Nbr of Employees 220 000
Free-Float 44,6%
Chart LOBLAW COMPANIES LIMITED
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Technical analysis trends LOBLAW COMPANIES LIMITED
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Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 115,24 CAD
Average target price 132,95 CAD
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
Galen G. Weston Executive Chairman, President & CEO
Richard Dufresne Chief Financial Officer
David Markwell Chief Technology & Analytics Officer, Executive VP
Robert Sawyer Chief Operating Officer
Robert Wiebe Chief Administrative Officer
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