Stock Analysis:Loblaw Companies Limited (TSE:L) Upside Target Change
In recent note made public by National Bank Financial on Thursday morning, Loblaw Companies Limited (TSE:L) had its price target raised to $77.00. The firm currently has a solid Outperform rating on shares.
From a total of 7 analysts covering Loblaw Companies Limited (TSE:L) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 2 a ”Hold”. This means that 71% of the ratings are positive. The highest target price is $89 while the lowest target price is $71. The mean of all analyst targets is $79.11 with a 12.82% above today’s ($70.12) stock price. Loblaw Companies Limited was the topic of 12 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets downgraded shares on November 19 to “Sector Perform” rating.
Approximately 133,924 shares of stock traded hands. Loblaw Companies Limited (TSE:L) has risen 11.83% since April 23, 2015 and is uptrending. It has outperformed by 13.19% the S&P500.
Loblaw Companies Limited is a Canada holding company. The company has a market cap of $28.92 billion. The Firm through its subsidiaries provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial services and products. It has 39.36 P/E ratio. The Firm operates through three divisions: Retail, Financial Services and Choice Properties.
According to Zacks Investment Research, “Loews Corporation is a holding company. Its subsidiaries are engaged in the following lines of business: property, casualty and life insurance; the production and sale of cigarettes; the operation of hotels; the operation of offshore oil and gas drilling rigs; and the distribution and sale of watches and clocks.” Get a free copy of the Zacks research report on Loblaw Companies Limited (L)