Loblaw Companies (TSE:L)‘s stock had its “outperform” rating reaffirmed by equities researchers at Raymond James in a report issued on Friday. They presently have a C$71.00 price objective on the stock. Raymond James’ target price suggests a potential upside of 10.78% from the company’s current price.
A number of other research firms have also issued reports on L. CIBC boosted their price objective on Loblaw Companies from C$69.00 to C$70.00 in a research note on Thursday, November 15th. Barclays decreased their price objective on Loblaw Companies from C$75.00 to C$63.00 in a research note on Monday, November 12th. TD Securities decreased their price objective on Loblaw Companies from C$82.00 to C$69.00 in a research note on Friday, November 2nd. BMO Capital Markets boosted their price objective on Loblaw Companies from C$70.00 to C$83.00 in a research note on Friday. Finally, Desjardins boosted their price objective on Loblaw Companies from C$62.00 to C$66.00 and gave the company a “buy” rating in a research note on Thursday, November 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of C$72.78.
Shares of TSE L opened at C$64.09 on Friday. Loblaw Companies has a one year low of C$50.22 and a one year high of C$67.34. The company has a debt-to-equity ratio of 123.99, a quick ratio of 0.61 and a current ratio of 1.19. The firm has a market cap of $24.03 billion and a PE ratio of 44.72.
In other Loblaw Companies news, Director William Downe bought 6,000 shares of the firm’s stock in a transaction on Thursday, November 29th. The shares were acquired at an average cost of C$60.85 per share, for a total transaction of C$365,100.00.
About Loblaw Companies
Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift card, and telecommunication services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.
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