Royal Bank of Canada Boosts Loblaw Companies (TSE:L) Price Target to C$205.00

Loblaw Companies (TSE:L) had its price target raised by analysts at Royal Bank of Canada from C$183.00 to C$205.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s target price would suggest a potential upside of 12.10% from the company’s current price.

Other research analysts have also recently issued reports about the stock. CIBC lifted their target price on shares of Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. Desjardins boosted their price target on Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a research note on Tuesday, July 23rd. BMO Capital Markets boosted their price objective on Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. National Bankshares boosted their price objective on Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, TD Securities upped their price target on Loblaw Companies from C$186.00 to C$203.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$185.43.

Loblaw Companies Trading Down 2.4 %

Shares of TSE L opened at C$182.88 on Tuesday. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. The stock has a market cap of C$55.85 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. Loblaw Companies has a 1 year low of C$116.81 and a 1 year high of C$188.77. The firm has a 50-day moving average of C$177.31 and a 200 day moving average of C$167.61.

Loblaw Companies Company Profile

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.