Loblaw Companies (TSE:L) Price Target Raised to C$267.00 at Royal Bank Of Canada

Loblaw Companies (TSE:L - Get Free Report) had its price objective boosted by investment analysts at Royal Bank Of Canada from C$234.00 to C$267.00 in a report released on Monday,BayStreet.CA reports. Royal Bank Of Canada's price target suggests a potential upside of 21.95% from the stock's current price.

L has been the topic of several other research reports. Desjardins increased their price target on shares of Loblaw Companies from C$185.00 to C$230.00 and gave the stock a "hold" rating in a research report on Thursday, May 1st. CIBC raised their target price on Loblaw Companies from C$208.00 to C$234.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. TD Securities boosted their price target on Loblaw Companies from C$195.00 to C$245.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. National Bankshares upped their price objective on Loblaw Companies from C$234.00 to C$235.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 9th. Finally, UBS Group lifted their target price on Loblaw Companies from C$210.00 to C$253.00 in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of C$241.13.

Loblaw Companies Price Performance

Loblaw Companies stock traded down C$1.90 during mid-day trading on Monday, reaching C$218.94. 130,396 shares of the company were exchanged, compared to its average volume of 399,408. The firm has a market cap of C$66.20 billion, a PE ratio of 29.72, a PEG ratio of 3.23 and a beta of 0.17. The company has a debt-to-equity ratio of 166.11, a current ratio of 1.29 and a quick ratio of 0.68. The company has a fifty day simple moving average of C$223.40 and a 200-day simple moving average of C$204.36. Loblaw Companies has a 12 month low of C$162.59 and a 12 month high of C$235.17.

Insider Activity

In other news, Senior Officer Per Bank sold 13,924 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of C$223.00, for a total value of C$3,105,054.78. Also, Senior Officer Jeffrey Francis Leger sold 3,400 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of C$230.50, for a total transaction of C$783,700.00. In the last three months, insiders sold 27,328 shares of company stock worth $6,132,567. 53.77% of the stock is owned by corporate insiders.

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.

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