Desjardins Increases Loblaw Companies (TSE:L) Price Target to C$190.00

Loblaw Companies (TSE:L) had its price target upped by equities researchers at Desjardins from C$172.00 to C$190.00 in a note issued to investors on Thursday,BayStreet.CA reports. Desjardins’ target price indicates a potential upside of 5.23% from the company’s previous close.

L has been the subject of several other research reports. National Bankshares upped their price target on Loblaw Companies from C$188.00 to C$195.00 in a report on Thursday. Royal Bank of Canada increased their price target on Loblaw Companies from C$183.00 to C$205.00 in a research report on Tuesday. TD Securities dropped their target price on shares of Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a research note on Thursday. CIBC boosted their price objective on Loblaw Companies from C$171.00 to C$189.00 in a report on Friday, July 26th. Finally, BMO Capital Markets raised their price target on Loblaw Companies from C$160.00 to C$180.00 in a research report on Friday, July 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$191.29.

Loblaw Companies Stock Performance

Shares of L stock traded down C$2.32 during trading on Thursday, reaching C$180.56. The company had a trading volume of 174,089 shares, compared to its average volume of 355,069. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68. The firm’s 50 day simple moving average is C$177.46 and its two-hundred day simple moving average is C$167.82. The company has a market capitalization of C$55.14 billion, a PE ratio of 27.36, a PEG ratio of 3.23 and a beta of 0.17. Loblaw Companies has a one year low of C$116.81 and a one year high of C$188.77.

About Loblaw Companies

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.