A statement released earlier today by Dundee Securities about Loblaw Companies Limited (TSE:L) bumps the target price to $76.00
- Updated: September 22, 2016
Boasting a price of $69.48, Loblaw Companies Limited (TSE:L) traded 0.30% higher on the day. With the last stock price close down -1.94% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Loblaw Companies Limited has recorded a 50-day average of $71.19 and a two hundred day average of $70.79. Volume of trade was down over the average, with 379,941 shares of L changing hands under the typical 625,654
Dundee Securities bumped up the target of Loblaw Companies Limited (TSE:L) to $76.00 stating a potential upside of 0.09%.
On 7/26/2016, Scotia Capital released a statement for Loblaw Companies Limited (TSE:L) bumped up the target price from $0.00 to $76.00 that suggested an upside of 0.07%.
With a total market value of $0, Loblaw Companies Limited has price-earnings ratio of 44.24 with a one year low of $61.25 and a one year high of $74.59 .
A total of 13 equity analysts have released a ratings update on L. One equity analyst rating the company a strong buy, nine equity analysts rating the company a buy, three equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $59.01.
Brief Synopsis About Loblaw Companies Limited (TSE:L)
Loblaw Companies Limited (Loblaw) is a Canada-based holding company. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial products and services. The Company operates through three segments: Retail, Financial Services and Choice Properties. The Company's Retail segment consists of a discount supermarket business, a full-service supermarket business, an emerging and wholesale business and Shoppers Drug Mart. The Company also offers control label programs. The Company's Financial Services segment provides retail banking, credit card services, auto, home, life, travel and pet insurance, gift cards, and wireless mobile products and services. The Company's Choice Properties owns, develops and manages commercial properties. The Company's subsidiaries include Loblaws Inc., Shoppers Drug Mart Inc., Choice Properties Limited Partnership, Choice Properties Real Estate Investment Trust and President's Choice Bank.
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