Scotiabank Boosts Loblaw Companies (OTCMKTS:LBLCF) Price Target to C$118.00

Loblaw Companies (OTCMKTS:LBLCFGet Rating) had its target price hoisted by stock analysts at Scotiabank from C$116.00 to C$118.00 in a research report issued on Thursday, The Fly reports.

A number of other brokerages have also weighed in on LBLCF. Desjardins raised their price objective on Loblaw Companies from C$110.00 to C$116.00 in a report on Friday, May 6th. National Bank Financial boosted their target price on shares of Loblaw Companies from C$120.00 to C$122.00 in a report on Thursday, May 5th. TD Securities increased their price target on shares of Loblaw Companies from C$125.00 to C$130.00 in a research note on Thursday. Finally, Royal Bank of Canada lifted their price target on shares of Loblaw Companies from C$120.00 to C$133.00 in a research report on Thursday, April 28th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Loblaw Companies presently has an average rating of “Moderate Buy” and a consensus target price of $123.38.

Loblaw Companies Stock Performance

Shares of OTCMKTS LBLCF traded down $1.11 during midday trading on Thursday, hitting $91.46. The stock had a trading volume of 330 shares, compared to its average volume of 2,052. The stock has a 50 day simple moving average of $89.89 and a 200-day simple moving average of $86.63. Loblaw Companies has a 1 year low of $64.83 and a 1 year high of $94.54.

Loblaw Companies Company Profile

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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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