Loblaw Companies (TSE:L) Stock Price Expected to Rise, National Bankshares Analyst Says

Loblaw Companies (TSE:L) had its price objective lifted by equities research analysts at National Bankshares from C$207.00 to C$234.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 3.99% from the stock’s current price.

L has been the subject of a number of other reports. TD Securities raised their target price on Loblaw Companies from C$195.00 to C$245.00 and gave the company a “buy” rating in a research note on Thursday. BMO Capital Markets boosted their target price on shares of Loblaw Companies from C$200.00 to C$220.00 in a research note on Thursday. Royal Bank of Canada increased their price target on shares of Loblaw Companies from C$215.00 to C$234.00 in a research note on Monday, April 14th. CIBC boosted their price objective on shares of Loblaw Companies from C$208.00 to C$234.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, UBS Group increased their price objective on Loblaw Companies from C$210.00 to C$253.00 in a research report on Thursday. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$236.88.

Loblaw Companies Stock Performance

TSE:L opened at C$225.02 on Thursday. The stock has a market capitalization of C$68.03 billion, a P/E ratio of 30.54, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. Loblaw Companies has a 1 year low of C$152.39 and a 1 year high of C$226.25. The firm has a 50 day moving average of C$200.62 and a 200-day moving average of C$189.11. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt-to-equity ratio of 166.11.

Insider Activity

In other news, Senior Officer Kieran Barry Columb sold 11,309 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$186.55, for a total value of C$2,109,706.39. Also, Director Richard Dufresne sold 25,783 shares of the firm’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$186.55, for a total transaction of C$4,809,847.01. Insiders sold a total of 141,456 shares of company stock valued at $25,966,244 in the last ninety days. 53.77% of the stock is owned by insiders.

About Loblaw Companies

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart.