Loblaw Companies Limited (OTCMKTS:LBLCF)’s share price traded down 0.8% during trading on Thursday . The stock traded as low as $80.21 and last traded at $80.21. 520 shares traded hands during trading, a decline of 23% from the average session volume of 678 shares. The stock had previously closed at $80.83.
Several research analysts have issued reports on the company. Desjardins raised their target price on Loblaw Companies from C$88.00 to C$105.00 and gave the stock a “hold” rating in a research report on Friday, November 19th. Royal Bank of Canada lifted their price objective on Loblaw Companies from C$112.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Thursday, November 18th. Scotiabank upped their price objective on Loblaw Companies from C$86.00 to C$104.00 and gave the company a “sector perform” rating in a research report on Friday, November 19th. National Bank Financial lifted their target price on Loblaw Companies from C$92.00 to C$107.00 and gave the company an “outperform” rating in a research report on Thursday, November 18th. Finally, ATB Capital restated a “buy” rating and set a C$103.00 target price on shares of Loblaw Companies in a report on Friday, November 12th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $106.88.
The firm’s fifty day moving average price is $78.68 and its 200-day moving average price is $72.41.
Loblaw Cos. Ltd. engages in the provision of grocery, pharmacy, general merchandise, and financial products and services. It operates through the following segment: Retail and Financial Services. The Retail segment consists of retail food and associate-owned drug stores, in-store pharmacies, health and beauty products, apparel and general merchandise, and supports the PC Optimum program.
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