Loblaw Companies (TSE:L) Given New C$205.00 Price Target at Royal Bank of Canada

Loblaw Companies (TSE:LGet Free Report) had its price objective boosted by research analysts at Royal Bank of Canada from C$183.00 to C$205.00 in a report issued on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s price target would indicate a potential upside of 9.47% from the company’s previous close.

Several other equities research analysts have also recently commented on the stock. National Bankshares raised their target price on shares of Loblaw Companies from C$175.00 to C$188.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. BMO Capital Markets lifted their price objective on Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. Desjardins raised their price target on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. CIBC increased their price objective on shares of Loblaw Companies from C$171.00 to C$189.00 in a research report on Friday, July 26th. Finally, TD Securities increased their price target on shares of Loblaw Companies from C$186.00 to C$203.00 and gave the stock a “buy” rating in a research report on Friday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Loblaw Companies presently has a consensus rating of “Moderate Buy” and an average target price of C$185.43.

Read Our Latest Stock Report on Loblaw Companies

Loblaw Companies Stock Performance

Loblaw Companies stock traded up C$1.27 during trading on Tuesday, hitting C$187.27. The stock had a trading volume of 100,452 shares, compared to its average volume of 354,635. The company has a quick ratio of 0.68, a current ratio of 1.36 and a debt-to-equity ratio of 163.32. Loblaw Companies has a 1 year low of C$116.81 and a 1 year high of C$188.77. The stock has a market cap of C$57.19 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. The stock’s 50 day moving average is C$177.08 and its two-hundred day moving average is C$167.36.

Loblaw Companies Company Profile

(Get Free Report)

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparels, general merchandise, financial services, and wireless mobile products and services 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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Analyst Recommendations for Loblaw Companies (TSE:L)

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