TD Securities Issues Pessimistic Forecast for Loblaw Companies (TSE:L) Stock Price

Loblaw Companies (TSE:L) had its price target decreased by TD Securities from C$202.00 to C$195.00 in a report issued on Friday,BayStreet.CA reports. TD Securities’ price target indicates a potential upside of 10.86% from the stock’s previous close.

L has been the topic of a number of other research reports. Scotiabank downgraded shares of Loblaw Companies from an “outperform” rating to a “sector perform” rating and set a C$200.00 price target on the stock. in a research note on Wednesday, January 8th. Royal Bank of Canada increased their target price on shares of Loblaw Companies from C$205.00 to C$217.00 and gave the company an “outperform” rating in a research note on Monday, December 9th. UBS Group set a C$225.00 target price on shares of Loblaw Companies and gave the company a “buy” rating in a research note on Friday, December 13th. CIBC increased their target price on shares of Loblaw Companies from C$189.00 to C$206.00 in a research note on Thursday, November 14th. Finally, National Bankshares increased their target price on shares of Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$199.38.

Loblaw Companies Price Performance

Loblaw Companies stock opened at C$175.89 on Friday. The company has a market cap of C$53.18 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 3.23 and a beta of 0.17. The firm’s fifty day moving average is C$184.16 and its 200 day moving average is C$179.93. The company has a quick ratio of 0.68, a current ratio of 1.29 and a debt-to-equity ratio of 166.11. Loblaw Companies has a 52-week low of C$138.13 and a 52-week high of C$196.49.

Insider Transactions at Loblaw Companies

In other Loblaw Companies news, Director Christie James Beckett Clark sold 2,105 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of C$189.69, for a total transaction of C$399,297.45. Company insiders own 53.77% of the company’s stock.

About Loblaw Companies

Loblaw is one of Canada’s largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart.