National Bank Financial Increases Loblaw Companies (OTCMKTS:LBLCF) Price Target to C$120.00

Loblaw Companies (OTCMKTS:LBLCFGet Rating) had its price target boosted by research analysts at National Bank Financial from C$119.00 to C$120.00 in a report released on Wednesday, The Fly reports.

Several other analysts have also weighed in on LBLCF. CIBC upped their target price on Loblaw Companies from C$108.00 to C$116.00 in a report on Friday, January 21st. BMO Capital Markets lifted their price objective on Loblaw Companies from C$100.00 to C$108.00 in a research report on Friday, February 25th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $110.50.

Shares of Loblaw Companies stock traded down $1.21 during trading hours on Wednesday, hitting $90.93. 16,462 shares of the company were exchanged, compared to its average volume of 1,937. The business has a 50-day moving average of $87.35 and a 200-day moving average of $81.04. Loblaw Companies has a 1 year low of $55.18 and a 1 year high of $94.50.

About Loblaw Companies (Get Rating)

Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.

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