Loblaw Companies (TSE:L) Price Target Cut to C$202.00 by Analysts at TD Securities

Loblaw Companies (TSE:L) had its target price reduced by analysts at TD Securities from C$203.00 to C$202.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 11.30% from the company’s current price.

A number of other analysts also recently weighed in on L. Royal Bank of Canada increased their price target on shares of Loblaw Companies from C$183.00 to C$205.00 in a research report on Tuesday. Desjardins lifted their target price on Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a research report on Tuesday, July 23rd. CIBC boosted their price target on shares of Loblaw Companies from C$171.00 to C$189.00 in a research report on Friday, July 26th. National Bankshares increased their price objective on Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, BMO Capital Markets raised their target price on shares of Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$191.29.

Loblaw Companies Stock Up 0.5 %

Shares of TSE:L opened at C$181.49 on Thursday. The company has a 50 day moving average of C$177.55 and a 200-day moving average of C$167.91. The stock has a market cap of C$55.43 billion, a price-to-earnings ratio of 27.26, a P/E/G ratio of 3.23 and a beta of 0.17. Loblaw Companies has a one year low of C$116.81 and a one year high of C$188.77. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68.

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.