Loblaw Companies (L) PT Lowered to C$70.00 at BMO Capital Markets

Loblaw Companies (TSE:L) had its target price cut by BMO Capital Markets from C$82.00 to C$70.00 in a report published on Wednesday morning. They currently have an outperform rating on the stock.

Other research analysts also recently issued reports about the company. TD Securities dropped their target price on Loblaw Companies from C$82.00 to C$69.00 in a research note on Friday, November 2nd. Barclays boosted their target price on Loblaw Companies from C$71.00 to C$75.00 and gave the stock a c$69.40 rating in a research note on Monday, July 23rd. Royal Bank of Canada dropped their target price on Loblaw Companies from C$84.00 to C$73.00 and set an outperform rating on the stock in a research note on Friday, November 2nd. Raymond James boosted their target price on Loblaw Companies from C$82.00 to C$85.00 and gave the stock an outperform rating in a research note on Thursday, July 26th. Finally, National Bank Financial boosted their target price on Loblaw Companies from C$72.00 to C$73.00 and gave the stock a sector perform rating in a research note on Wednesday, September 5th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of C$72.50.

L opened at C$58.33 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.62 and a debt-to-equity ratio of 123.69. Loblaw Companies has a 12 month low of C$50.02 and a 12 month high of C$58.42.

In other Loblaw Companies news, Director Michael James Motz sold 5,000 shares of the business’s stock in a transaction dated Friday, August 17th. The stock was sold at an average price of C$69.26, for a total transaction of C$346,300.00. Also, Director Robert Sawyer purchased 2,000 shares of the company’s stock in a transaction on Thursday, September 6th. The shares were purchased at an average price of C$69.29 per share, for a total transaction of C$138,580.00. In the last quarter, insiders have sold 47,288 shares of company stock worth $3,263,792.

About Loblaw Companies

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift card, and telecommunication services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.

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Analyst Recommendations for Loblaw Companies (TSE:L)

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