TD Securities Raises Loblaw Companies (TSE:L) Price Target to C$203.00

Loblaw Companies (TSE:L) had its target price lifted by equities research analysts at TD Securities from C$186.00 to C$203.00 in a research note issued on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 9.43% from the stock’s current price.

Other research analysts have also issued reports about the company. National Bankshares boosted their price target on 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 boosted their target price on Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. CIBC boosted their target price on Loblaw Companies from C$171.00 to C$189.00 in a research note on Friday, July 26th. Finally, Desjardins boosted their target price on Loblaw Companies from C$157.00 to C$172.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$180.71.

Loblaw Companies Trading Down 0.2 %

Shares of TSE L opened at C$185.51 on Friday. The company has a quick ratio of 0.68, a current ratio of 1.36 and a debt-to-equity ratio of 163.32. The business has a fifty day simple moving average of C$176.88 and a two-hundred day simple moving average of C$166.89. The firm has a market cap of C$56.65 billion, a PE ratio of 28.11, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. Loblaw Companies has a twelve month low of C$116.81 and a twelve month high of C$187.41.

About Loblaw Companies

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.