Loblaw Companies (TSE:L) Stock Price Expected to Rise, TD Securities Analyst Says

Loblaw Companies (TSE:L) had its price target upped by stock analysts at TD Securities from C$186.00 to C$203.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price indicates a potential upside of 9.43% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. CIBC boosted their target price on Loblaw Companies from C$171.00 to C$189.00 in a research note on Friday, July 26th. 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. 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. Finally, National Bankshares boosted their target price on Loblaw Companies from C$175.00 to C$188.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$180.71.

Loblaw Companies Trading Down 0.2 %

Shares of TSE L opened at C$185.51 on Friday. Loblaw Companies has a twelve month low of C$116.81 and a twelve month high of C$187.41. The company has a current ratio of 1.36, a quick ratio of 0.68 and a debt-to-equity ratio of 163.32. The stock has a fifty day simple moving average of C$176.88 and a 200-day simple moving average of C$166.89. The stock has a market capitalization of C$56.65 billion, a PE ratio of 28.11, a PEG ratio of 3.23 and a beta of 0.17.

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.