Royal Bank of Canada Increases Loblaw Companies (TSE:L) Price Target to C$234.00

Loblaw Companies (TSE:L - Get Free Report) had its target price hoisted by analysts at Royal Bank of Canada from C$215.00 to C$234.00 in a research report issued to clients and investors on Monday,BayStreet.CA reports. Royal Bank of Canada's price target would indicate a potential upside of 9.51% from the company's previous close.

A number of other analysts also recently weighed in on the company. TD Securities dropped their target price on Loblaw Companies from C$202.00 to C$195.00 and set a "buy" rating for the company in a research report on Friday, February 21st. National Bankshares boosted their price objective on shares of Loblaw Companies from C$192.00 to C$207.00 in a report on Thursday, April 10th. Scotiabank upgraded shares of Loblaw Companies from a "sector perform" rating to an "outperform" rating and upped their price target for the stock from C$190.00 to C$215.00 in a research report on Friday, April 11th. CIBC increased their target price on Loblaw Companies from C$206.00 to C$208.00 in a research report on Friday, February 21st. Finally, UBS Group reduced their target price on Loblaw Companies from C$225.00 to C$210.00 in a research note on Friday, February 21st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$204.88.

Loblaw Companies Stock Up 0.2 %

Shares of TSE L traded up C$0.34 during midday trading on Monday, hitting C$213.68. 234,736 shares of the stock traded hands, compared to its average volume of 438,424. The company has a debt-to-equity ratio of 166.11, a quick ratio of 0.68 and a current ratio of 1.29. Loblaw Companies has a one year low of C$146.49 and a one year high of C$214.75. The company has a market cap of C$64.61 billion, a PE ratio of 29.00, a P/E/G ratio of 3.23 and a beta of 0.17. The business has a 50 day moving average price of C$192.69 and a two-hundred day moving average price of C$186.16.

Insiders Place Their Bets

In related news, Director Richard Dufresne sold 25,783 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$186.55, for a total value of C$4,809,847.01. Also, Senior Officer Kieran Barry Columb sold 11,309 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of C$186.55, for a total transaction of C$2,109,706.39. In the last ninety days, insiders have sold 141,456 shares of company stock valued at $25,966,244. Insiders own 53.77% of the company's stock.

Loblaw Companies Company Profile

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.