Loblaw Companies (TSE:L) Given a C$225.00 Price Target by UBS Group Analysts

Loblaw Companies (TSE:L) received a C$225.00 target price from analysts at UBS Group in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 15.63% from the company’s previous close.

Several other equities research analysts have also recently commented on L. TD Securities dropped their price objective on Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th. Royal Bank of Canada raised their target price on Loblaw Companies from C$205.00 to C$217.00 and gave the stock an “outperform” rating in a research report on Monday. Desjardins lifted their price objective on Loblaw Companies from C$172.00 to C$190.00 in a research report on Thursday, November 14th. CIBC lifted their price objective on Loblaw Companies from C$189.00 to C$206.00 in a research report on Thursday, November 14th. Finally, National Bankshares lifted their price objective on Loblaw Companies from C$188.00 to C$195.00 in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$197.00.

Loblaw Companies Stock Up 0.1 %

L stock traded up C$0.18 during midday trading on Friday, hitting C$194.58. The stock had a trading volume of 120,484 shares, compared to its average volume of 355,465. The firm has a market cap of C$59.42 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 3.23 and a beta of 0.17. The business has a 50-day moving average of C$180.61 and a two-hundred day moving average of C$171.96. Loblaw Companies has a 52-week low of C$118.02 and a 52-week high of C$196.49. The company has a debt-to-equity ratio of 163.32, a current ratio of 1.36 and a quick ratio of 0.68.

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.