Loblaw Companies (TSE:L) PT Raised to C$135.00 at ATB Capital

Loblaw Companies (TSE:LGet Rating) had its price objective hoisted by analysts at ATB Capital from C$130.00 to C$135.00 in a research note issued to investors on Wednesday, Marketbeat Ratings reports. ATB Capital’s target price points to a potential upside of 20.64% from the stock’s current price.

A number of other analysts also recently issued reports on L. CIBC lifted their price objective on shares of Loblaw Companies from C$129.00 to C$136.00 in a report on Thursday, July 28th. Scotiabank set a C$125.00 price target on Loblaw Companies and gave the stock a “sector perform” rating in a research note on Monday, October 3rd. BMO Capital Markets increased their price objective on Loblaw Companies from C$118.00 to C$123.00 in a research report on Thursday, July 28th. TD Securities raised 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. Finally, Royal Bank of Canada upped their target price on Loblaw Companies from C$154.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Monday. 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$127.89.

Loblaw Companies Trading Down 0.9 %

Shares of L stock opened at C$111.90 on Wednesday. The company has a market capitalization of C$36.67 billion and a PE ratio of 18.90. Loblaw Companies has a 52-week low of C$90.46 and a 52-week high of C$124.77. The business’s fifty day moving average is C$112.14 and its 200 day moving average is C$114.83. The company has a debt-to-equity ratio of 147.69, a quick ratio of 0.71 and a current ratio of 1.35.

Insiders Place Their Bets

In related news, Senior Officer Kieran Barry Columb sold 17,958 shares of the company’s stock in a transaction on Monday, August 15th. The stock was 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 directly owns 32,021 shares of the company’s stock, valued at C$3,829,477.85.

Loblaw Companies Company Profile

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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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Analyst Recommendations for Loblaw Companies (TSE:L)

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