Loblaw Companies (TSE:L) Price Target Raised to C$206.00 at CIBC

Loblaw Companies (TSE:L) had its price objective hoisted by investment analysts at CIBC from C$189.00 to C$206.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 13.50% from the company’s current price.

Other analysts have also recently issued research reports about the company. Desjardins boosted their price target on Loblaw Companies from C$172.00 to C$190.00 in a research report on Thursday. TD Securities reduced their target price on Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a report on Thursday. BMO Capital Markets increased their price target on Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. Royal Bank of Canada boosted their price objective on shares of Loblaw Companies from C$183.00 to C$205.00 in a research note on Tuesday. Finally, National Bankshares raised their target price on shares of Loblaw Companies from C$188.00 to C$195.00 in a research note on Thursday. Two investment 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 stock presently has an average rating of “Moderate Buy” and an average price target of C$191.29.

Loblaw Companies Stock Up 0.5 %

Loblaw Companies stock opened at C$181.49 on Thursday. 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$188.77. The firm’s fifty day simple moving average is C$177.55 and its 200-day simple moving average is C$167.91. The company has a market capitalization of C$55.43 billion, a P/E ratio of 27.26, a P/E/G ratio of 3.23 and a beta of 0.17.

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.