Loblaw Companies (OTCMKTS:LBLCF) Cut to Hold at Desjardins

Desjardins cut shares of Loblaw Companies (OTCMKTS:LBLCF) from a buy rating to a hold rating in a research report report published on Friday morning, The Fly reports. They currently have $76.00 target price on the stock.

Separately, BMO Capital Markets set a $79.00 target price on shares of Loblaw Companies and gave the company a buy rating in a research note on Monday, October 21st.

LBLCF opened at $53.16 on Friday. Loblaw Companies has a twelve month low of $44.05 and a twelve month high of $57.20. The company’s 50-day moving average price is $53.77 and its two-hundred day moving average price is $52.97.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses 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 comprising in-store pharmacies, other health and beauty product stores, apparel stores, and other general merchandise stores, as well as supports the PC Optimum reward program.

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