Loblaw Companies (TSE:L – Get Rating) had its price objective boosted by equities researchers at National Bankshares from C$126.00 to C$130.00 in a research report issued on Thursday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 17.18% from the stock’s current price.
A number of other analysts have also recently weighed in on L. Royal Bank of Canada boosted their target price on shares of Loblaw Companies from C$154.00 to C$160.00 and gave the stock an “outperform” rating in a research note on Monday, November 7th. Scotiabank lifted their price target on shares of Loblaw Companies from C$125.00 to C$126.50 in a report on Thursday. TD Securities lifted their price target on shares of Loblaw Companies from C$130.00 to C$135.00 and gave the stock a “buy” rating in a report on Thursday, November 10th. CIBC boosted their target price on shares of Loblaw Companies from C$136.00 to C$145.00 and gave the company an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets upped their price objective on shares of Loblaw Companies from C$118.00 to C$123.00 in a report on Thursday, July 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$135.44.
Loblaw Companies Stock Performance
Shares of TSE:L opened at C$110.94 on Thursday. The company’s 50 day simple moving average is C$111.31 and its 200 day simple moving average is C$114.50. The stock has a market capitalization of C$36.35 billion and a price-to-earnings ratio of 18.74. Loblaw Companies has a 1 year low of C$90.46 and a 1 year high of C$124.77. The company has a debt-to-equity ratio of 152.06, a current ratio of 1.34 and a quick ratio of 0.68.
About Loblaw Companies
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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