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

Loblaw Companies (TSE:L) had its price target boosted by research analysts at Royal Bank of Canada from C$183.00 to C$205.00 in a research report issued on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 12.10% from the stock’s previous close.

Other equities analysts have also issued research reports about the stock. Desjardins upped their price objective on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. National Bankshares increased their target price on shares of Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. BMO Capital Markets increased their target price on shares of Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. TD Securities upped their price target on shares of Loblaw Companies from C$186.00 to C$203.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, CIBC upped their price target on shares of 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$185.43.

Loblaw Companies Price Performance

Shares of TSE:L opened at C$182.88 on Tuesday. The firm has a market cap of C$55.85 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. The firm’s fifty day moving average is C$177.31 and its 200-day moving average is C$167.61. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.68 and a current ratio of 1.36. Loblaw Companies has a 52 week low of C$116.81 and a 52 week high of C$188.77.

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.