Loblaw Companies Limited (OTCMKTS:LBLCF) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Loblaw Companies Limited (OTCMKTS:LBLCFGet Rating) have received an average recommendation of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $114.00.

Several research analysts have issued reports on LBLCF shares. BMO Capital Markets raised their target price on Loblaw Companies from C$100.00 to C$108.00 in a research report on Friday, February 25th. National Bank Financial lifted their price objective on Loblaw Companies from C$120.00 to C$122.00 in a research report on Thursday, May 5th. Royal Bank of Canada lifted their price objective on Loblaw Companies from C$120.00 to C$133.00 in a research report on Thursday, April 28th. Finally, Desjardins lifted their price objective on Loblaw Companies from C$110.00 to C$116.00 in a research report on Friday, May 6th.

Shares of OTCMKTS:LBLCF opened at $86.26 on Friday. The stock’s 50-day simple moving average is $89.90 and its two-hundred day simple moving average is $82.79. Loblaw Companies has a 52-week low of $60.25 and a 52-week high of $94.50.

Loblaw Companies Company Profile (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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Analyst Recommendations for Loblaw Companies (OTCMKTS:LBLCF)

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