Royal Bank of Canada Increases Loblaw Companies (TSE:L) Price Target to C$160.00

Loblaw Companies (TSE:LGet Rating) had its price target hoisted by stock analysts at Royal Bank of Canada from C$154.00 to C$160.00 in a report released on Monday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank of Canada’s price target would suggest a potential upside of 40.67% from the company’s previous close.

Several other brokerages have also recently weighed in on L. TD Securities lifted their price objective on Loblaw Companies from C$125.00 to C$130.00 and gave the company a “buy” rating in a report on Thursday, July 28th. CIBC upped their target price on Loblaw Companies from C$129.00 to C$136.00 in a report on Thursday, July 28th. Desjardins upped their target price on Loblaw Companies from C$116.00 to C$124.00 in a report on Thursday, July 28th. National Bankshares lowered their target price on Loblaw Companies from C$127.00 to C$126.00 and set an “outperform” rating for the company in a report on Thursday, October 20th. Finally, BMO Capital Markets upped their target price on Loblaw Companies from C$118.00 to C$123.00 in a report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Loblaw Companies has a consensus rating of “Moderate Buy” and a consensus price target of C$125.11.

Loblaw Companies Stock Performance

Shares of TSE L opened at C$113.74 on Monday. The company has a current ratio of 1.35, a quick ratio of 0.71 and a debt-to-equity ratio of 147.69. Loblaw Companies has a 12 month low of C$90.46 and a 12 month high of C$124.77. The stock has a 50 day moving average of C$112.31 and a 200-day moving average of C$114.87. The company has a market capitalization of C$37.27 billion and a P/E ratio of 19.21.

Insider Buying and Selling at Loblaw Companies

In other Loblaw Companies news, Director Richard Dufresne sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of C$116.43, for a total value of C$1,746,505.50. Following the sale, the director now owns 5,884 shares in the company, valued at approximately C$685,095.89. In related news, Director Richard Dufresne sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of C$116.43, for a total transaction of C$1,746,505.50. Following the sale, the director now owns 5,884 shares in the company, valued at approximately C$685,095.89. Also, Senior Officer Kieran Barry Columb sold 17,958 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of C$119.59, for a total value of C$2,147,645.71. Following the sale, the insider now owns 32,021 shares in the company, valued at approximately C$3,829,477.85. In the last quarter, insiders have sold 37,958 shares of company stock worth $4,485,901.

About Loblaw Companies

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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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