TD Securities Raises Loblaw Companies (TSE:L) Price Target to C$245.00

Loblaw Companies (TSE:L) had its price target upped by research analysts at TD Securities from C$195.00 to C$245.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 8.88% from the stock’s current price.

L has been the subject of several other research reports. Scotiabank upgraded shares of Loblaw Companies from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$190.00 to C$215.00 in a research report on Friday, April 11th. BMO Capital Markets upped their target price on shares of Loblaw Companies from C$200.00 to C$220.00 in a report on Thursday. CIBC raised their price target on Loblaw Companies from C$206.00 to C$208.00 in a report on Friday, February 21st. UBS Group upped their price objective on Loblaw Companies from C$210.00 to C$253.00 in a research note on Thursday. Finally, National Bankshares lifted their target price on Loblaw Companies from C$192.00 to C$207.00 in a research note on Thursday, April 10th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$236.88.

Loblaw Companies Price Performance

Shares of TSE L opened at C$225.02 on Thursday. The stock has a market cap of C$68.03 billion, a P/E ratio of 30.54, a P/E/G ratio of 3.23 and a beta of 0.17. Loblaw Companies has a twelve month low of C$152.39 and a twelve month high of C$226.25. The stock has a 50 day moving average of C$200.62 and a two-hundred 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 at Loblaw Companies

In other Loblaw Companies news, Director Richard Dufresne sold 25,783 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of C$186.55, for a total value of C$4,809,847.01. Also, Director Willard Galen Garfield Weston sold 104,364 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of C$182.50, for a total value of C$19,046,690.91. Insiders have sold a total of 141,456 shares of company stock worth $25,966,244 over the last three months. 53.77% of the stock is currently owned by corporate insiders.

Loblaw Companies Company Profile

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.