National Bankshares Increases Loblaw Companies (TSE:L) Price Target to C$195.00

Loblaw Companies (TSE:L) had its price objective boosted by analysts at National Bankshares from C$188.00 to C$195.00 in a report issued on Thursday,BayStreet.CA reports. National Bankshares’ price objective would indicate a potential upside of 8.00% from the company’s previous close.

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

Loblaw Companies Price Performance

Shares of Loblaw Companies stock traded down C$2.32 during trading on Thursday, reaching C$180.56. 174,089 shares of the stock traded hands, compared to its average volume of 355,069. The company has a market capitalization of C$55.14 billion, a price-to-earnings ratio of 27.36, a P/E/G ratio of 3.23 and a beta of 0.17. Loblaw Companies has a 52-week low of C$116.81 and a 52-week high of C$188.77. 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 business has a fifty day simple moving average of C$177.46 and a two-hundred day simple moving average of C$167.82.

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.