Loblaw Companies (TSE:L) Given New C$195.00 Price Target at National Bankshares

Loblaw Companies (TSE:L) had its target price upped by National Bankshares from C$188.00 to C$195.00 in a note issued to investors on Thursday,BayStreet.CA reports. National Bankshares’ target price would suggest a potential upside of 8.00% from the stock’s current price.

Several other equities analysts have also recently commented on the stock. 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 report on Thursday. Desjardins boosted 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 research report on Tuesday, July 23rd. CIBC upped their target price on Loblaw Companies from C$171.00 to C$189.00 in a research report on Friday, July 26th. Royal Bank of Canada lifted their price target on shares of Loblaw Companies from C$183.00 to C$205.00 in a research note on Tuesday. Finally, BMO Capital Markets increased their target price on Loblaw Companies from C$160.00 to C$180.00 in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Loblaw Companies currently has a consensus rating of “Moderate Buy” and a consensus target price of C$191.29.

Loblaw Companies Stock Down 1.3 %

L stock traded down C$2.32 during mid-day 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. Loblaw Companies has a 52 week low of C$116.81 and a 52 week high of C$188.77. The stock has a 50 day simple moving average of C$177.46 and a two-hundred day simple moving average of C$167.82. The company has a market capitalization of C$55.14 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 3.23 and a beta of 0.17.

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.