Loblaw Companies (TSE:L) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Loblaw Companies (TSE:L) had its price objective raised by stock analysts at Royal Bank of Canada from C$205.00 to C$217.00 in a report issued on Monday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 12.79% from the company’s current price.

A number of other analysts have also recently issued reports on L. CIBC lifted their target price on shares of Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday, November 14th. TD Securities reduced their price objective on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a research note on Thursday, November 14th. National Bankshares upped their price objective on shares of Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday, November 14th. Finally, Desjardins raised their target price on Loblaw Companies from C$172.00 to C$190.00 in a report on Thursday, November 14th. Two investment 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, Loblaw Companies presently has a consensus rating of “Moderate Buy” and an average price target of C$193.00.

Loblaw Companies Stock Down 0.1 %

L stock opened at C$192.40 on Monday. The company has a 50 day moving average of C$179.61 and a two-hundred day moving average of C$171.28. The company has a market cap of C$58.76 billion, a price-to-earnings ratio of 29.15, a PEG ratio of 3.23 and a beta of 0.17. Loblaw Companies has a 12-month low of C$118.02 and a 12-month high of C$194.21. The company has a quick ratio of 0.68, a current ratio of 1.36 and a debt-to-equity ratio of 163.32.

About Loblaw Companies

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart.