National Bankshares Increases Loblaw Companies (TSE:L) Price Target to C$235.00

Loblaw Companies (TSE:L - Get Free Report) had its price objective boosted by analysts at National Bankshares from C$234.00 to C$235.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price target suggests a potential upside of 6.03% from the company's previous close.

Several other analysts also recently weighed in on L. TD Securities boosted their price target on shares of Loblaw Companies from C$195.00 to C$245.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. CIBC lifted their price objective on Loblaw Companies from C$208.00 to C$234.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. BMO Capital Markets boosted their target price on Loblaw Companies from C$200.00 to C$220.00 in a research note on Thursday, May 1st. Desjardins raised their price target on 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. Finally, Royal Bank Of Canada boosted their price objective on Loblaw Companies from C$215.00 to C$234.00 in a research report on Monday, April 14th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Loblaw Companies currently has a consensus rating of "Moderate Buy" and an average price target of C$237.00.

Loblaw Companies Price Performance

Shares of L stock traded down C$1.60 during trading hours on Wednesday, reaching C$221.63. The stock had a trading volume of 289,926 shares, compared to its average volume of 403,497. The stock's fifty day simple moving average is C$223.72 and its 200 day simple moving average is C$203.10. The company has a current ratio of 1.29, a quick ratio of 0.68 and a debt-to-equity ratio of 166.11. The firm has a market capitalization of C$67.01 billion, a PE ratio of 30.08, a PEG ratio of 3.23 and a beta of 0.17. Loblaw Companies has a 12 month low of C$162.59 and a 12 month high of C$235.17.

Insider Buying and Selling at Loblaw Companies

In related news, Senior Officer Frank Gambioli sold 1,304 shares of Loblaw Companies stock in a transaction dated Monday, May 12th. The stock was sold at an average price of C$213.87, for a total value of C$278,880.09. Also, Senior Officer Nicholas Henn sold 4,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$227.00, for a total transaction of C$908,000.00. In the last quarter, insiders sold 27,328 shares of company stock worth $6,132,567. 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.