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Published on 29 Oct 2021 on Simply Wall St. via Yahoo Finance

Loblaw Companies Limited's (TSE:L) Stock On An Uptrend: Could Fundamentals Be Driving The Momentum?


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Most readers would already be aware that Loblaw Companies' (TSE:L) stock increased significantly by 11% over the past month. We wonder if and what role the company's financials play in that price change as a company's long-term fundamentals usually dictate market outcomes. In this article, we decided to focus on Loblaw Companies' ROE.

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders.

See our latest analysis for Loblaw Companies

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