Royal Bank of Canada Boosts Loblaw Companies (TSE:L) Price Target to C$205.00

Loblaw Companies (TSE:L) had its price objective increased by analysts at Royal Bank of Canada from C$183.00 to C$205.00 in a report released on Tuesday,BayStreet.CA reports. Royal Bank of Canada’s target price would indicate a potential upside of 9.47% from the stock’s previous close.

L has been the subject of several other reports. National Bankshares lifted their price objective on shares of Loblaw Companies from C$175.00 to C$188.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Desjardins raised their price objective on Loblaw Companies from C$157.00 to C$172.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. BMO Capital Markets upped their target price on shares of Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. TD Securities upped their price target on Loblaw Companies from C$186.00 to C$203.00 and gave the company a “buy” rating in a research report on Friday. Finally, CIBC upped their target price on shares of Loblaw Companies from C$171.00 to C$189.00 in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$185.43.

Loblaw Companies Price Performance

Shares of L traded up C$1.27 during trading hours on Tuesday, reaching C$187.27. 100,452 shares of the stock traded hands, compared to its average volume of 354,635. The company has a current ratio of 1.36, a quick ratio of 0.68 and a debt-to-equity ratio of 163.32. The company has a market cap of C$57.19 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. Loblaw Companies has a 52-week low of C$116.81 and a 52-week high of C$188.77. The company’s 50-day moving average price is C$177.08 and its two-hundred day moving average price is C$167.36.

Loblaw Companies Company Profile

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.