Loblaw Companies Limited (OTCMKTS:LBLCF) Receives $114.00 Consensus Target Price from Analysts

Shares of Loblaw Companies Limited (OTCMKTS:LBLCFGet Rating) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $114.00.

A number of research firms have recently commented on LBLCF. Desjardins boosted their target price on shares of Loblaw Companies from C$110.00 to C$116.00 in a research note on Friday, May 6th. BMO Capital Markets boosted their target price on shares of Loblaw Companies from C$100.00 to C$108.00 in a research note on Friday, February 25th. Royal Bank of Canada boosted their target price on shares of Loblaw Companies from C$120.00 to C$133.00 in a research note on Thursday, April 28th. Finally, National Bank Financial boosted their target price on shares of Loblaw Companies from C$120.00 to C$122.00 in a research note on Thursday, May 5th.

Shares of Loblaw Companies stock opened at $86.40 on Thursday. The firm has a 50-day simple moving average of $89.56 and a two-hundred day simple moving average of $84.70. Loblaw Companies has a fifty-two week low of $60.71 and a fifty-two week high of $94.54.

Loblaw Companies Company Profile (Get Rating)

Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses 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.

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Analyst Recommendations for Loblaw Companies (OTCMKTS:LBLCF)

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