Loblaw Companies (TSE:L) Price Target Raised to C$203.00 at TD Securities

Loblaw Companies (TSE:L) had its price objective raised by TD Securities from C$186.00 to C$203.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price target would suggest a potential upside of 9.22% from the company’s current price.

L has been the topic of several other reports. National Bankshares raised their target price on Loblaw Companies from C$175.00 to C$188.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. BMO Capital Markets increased their price objective on Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. CIBC boosted their target price on Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. Finally, Desjardins lifted their target price on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Loblaw Companies presently has an average rating of “Moderate Buy” and an average price target of C$180.71.

Loblaw Companies Stock Performance

Loblaw Companies stock traded up C$0.03 during mid-day trading on Friday, reaching C$185.87. 101,333 shares of the company traded hands, compared to its average volume of 355,586. Loblaw Companies has a fifty-two week low of C$116.81 and a fifty-two week high of C$187.41. The firm’s fifty day moving average is C$176.39 and its two-hundred day moving average is C$166.63. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. The company has a market capitalization of C$56.76 billion, a price-to-earnings ratio of 28.17, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17.

About Loblaw Companies

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.