Loblaw Companies (TSE:L) Given New C$203.00 Price Target at TD Securities

Loblaw Companies (TSE:L) had its target price raised by TD Securities from C$186.00 to C$203.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 9.22% from the company’s previous close.

L has been the subject of several other reports. BMO Capital Markets raised their target price on Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. National Bankshares boosted their target price on shares of 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. Desjardins lifted their price target 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, CIBC upped their price objective on Loblaw Companies from C$171.00 to C$189.00 in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$180.71.

Loblaw Companies Trading Up 0.0 %

L traded up C$0.03 during trading on Friday, hitting C$185.87. 101,333 shares of the company’s stock were exchanged, compared to its average volume of 355,586. The stock has a 50 day moving average price of C$176.39 and a 200 day moving average price of C$166.63. The company has a current ratio of 1.36, a quick ratio of 0.68 and a debt-to-equity ratio of 163.32. Loblaw Companies has a 1 year low of C$116.81 and a 1 year high of C$187.41. The firm has a market cap of C$56.76 billion, a P/E ratio of 28.17, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17.

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.