Loblaw Companies (TSE:L) had its target price raised by CIBC from C$69.00 to C$70.00 in a research report report published on Thursday morning.

Several other research analysts have also recently issued reports on the stock. TD Securities cut their target price on shares of Loblaw Companies from C$82.00 to C$69.00 in a report on Friday, November 2nd. National Bank Financial raised their target price on shares of Loblaw Companies from C$72.00 to C$73.00 and gave the stock a sector perform rating in a report on Wednesday, September 5th. Barclays raised their target price on shares of Loblaw Companies from C$71.00 to C$75.00 and gave the stock a c$69.40 rating in a report on Monday, July 23rd. Desjardins raised their target price on shares of Loblaw Companies from C$76.00 to C$77.00 in a report on Thursday, July 26th. Finally, Raymond James raised their target price on shares of Loblaw Companies from C$82.00 to C$85.00 and gave the stock an outperform rating in a report on Thursday, July 26th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Loblaw Companies currently has a consensus rating of Buy and an average target price of C$68.22.

Shares of Loblaw Companies stock opened at C$58.75 on Thursday. The company has a debt-to-equity ratio of 123.69, a quick ratio of 0.62 and a current ratio of 1.14. Loblaw Companies has a 52-week low of C$50.22 and a 52-week high of C$59.40.

In related news, insider Kieran Barry Columb sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of C$69.38, for a total value of C$693,800.00. Also, insider Garry Senecal sold 765 shares of the firm’s stock in a transaction on Thursday, September 13th. The stock was sold at an average price of C$67.60, for a total value of C$51,714.00. Insiders sold 20,765 shares of company stock valued at $1,431,114 in the last ninety days.

Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift card, and telecommunication services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.

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Analyst Recommendations for Loblaw Companies (TSE:L)

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