National Bankshares Issues Positive Forecast for Loblaw Companies (TSE:L) Stock Price

Loblaw Companies (TSE:L) had its price objective increased by National Bankshares from C$188.00 to C$195.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 7.44% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. CIBC boosted their price objective on shares of Loblaw Companies from C$171.00 to C$189.00 in a research note on Friday, July 26th. Desjardins lifted their price target on shares of Loblaw Companies from C$157.00 to C$172.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. TD Securities decreased their price objective on Loblaw Companies from C$203.00 to C$202.00 and set a “buy” rating for the company in a report on Thursday. BMO Capital Markets boosted their target price on Loblaw Companies from C$160.00 to C$180.00 in a research note on Friday, July 26th. Finally, Royal Bank of Canada increased their price target on Loblaw Companies from C$183.00 to C$205.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$191.29.

Loblaw Companies Price Performance

TSE L opened at C$181.49 on Thursday. The company has a market cap of C$55.43 billion, a PE ratio of 27.26, a P/E/G ratio of 3.23 and a beta of 0.17. The firm’s 50 day moving average price is C$177.55 and its 200-day moving average price is C$167.91. The company has a debt-to-equity ratio of 163.32, a quick ratio of 0.68 and a current ratio of 1.36. Loblaw Companies has a 52-week low of C$116.81 and a 52-week high of C$188.77.

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.