Barclays Boosts Loblaw Companies (TSE:L) Price Target to C$75.00

Loblaw Companies (TSE:L) had its price objective boosted by equities research analysts at Barclays from C$74.00 to C$75.00 in a report released on Thursday, November 16th. Barclays’ price objective suggests a potential upside of 10.46% from the stock’s previous close.

A number of other brokerages have also issued reports on L. Raymond James Financial reduced their price target on Loblaw Companies from C$81.00 to C$80.00 and set an “outperform” rating for the company in a research report on Thursday, July 27th. Eight Capital cut their price objective on Loblaw Companies from C$82.00 to C$78.00 in a report on Friday, July 21st. Scotiabank cut their price objective on Loblaw Companies from C$79.00 to C$76.00 and set a “sector perform” rating for the company in a report on Thursday, July 27th. National Bank Financial reduced their target price on Loblaw Companies from C$81.00 to C$78.00 and set an “outperform” rating for the company in a report on Thursday, July 27th. Finally, Desjardins set a C$84.00 target price on Loblaw Companies and gave the company a “buy” rating in a report on Thursday, November 16th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$80.60.

Loblaw Companies (TSE:L) traded down C$0.13 during mid-day trading on Thursday, reaching C$67.90. The company’s stock had a trading volume of 261,094 shares, compared to its average volume of 554,015. Loblaw Companies has a 52 week low of C$64.65 and a 52 week high of C$78.87.

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Loblaw Companies Company Profile

Loblaw Companies Limited is a Canada-based holding company. The Company operates through three segments: Retail, Financial Services and Choice Properties. The Company’s Retail segment consists of corporate and franchise-owned retail food and Associate-owned drug stores, and includes in-store pharmacies and other health and beauty products, gas bars, apparel and other general merchandise.

Analyst Recommendations for Loblaw Companies (TSE:L)

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