Is Loblaw Companies Limited’s Fuel For Real? The Stock Just Has Raised Again

 Is Loblaw Companies Limited's Fuel For Real? The Stock Just Has Raised Again

The stock of Loblaw Companies Limited (TSE:L) is a huge mover today! About 165,815 shares traded hands. Loblaw Companies Limited (TSE:L) has declined 5.77% since March 11, 2016 and is downtrending. It has underperformed by 11.25% the S&P500.
The move comes after 9 months positive chart setup for the $27.00B company. It was reported on Oct, 18 by Barchart.com. We have $86.78 PT which if reached, will make TSE:L worth $8.10B more.

Loblaw Companies Limited (TSE:L) Ratings Coverage

Out of 8 analysts covering Loblaw Companies Limited (TSE:L), 5 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 63% are positive. $89 is the highest target while $71 is the lowest. The $78.91 average target is 18.22% above today’s ($66.75) stock price. Loblaw Companies Limited has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Thursday, September 22, the company rating was maintained by Scotia Capital. Scotia Capital maintained Loblaw Companies Limited (TSE:L) rating on Wednesday, August 24. Scotia Capital has “Sector Perform” rating and $77 price target. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, November 19. The firm has “Neutral” rating by Dundee Securities given on Thursday, September 22.

More notable recent Loblaw Companies Limited (TSE:L) news were published by: Finance.Yahoo.com which released: “Loblaw Companies Limited completes acquisition of QHR Corporation” on October 13, 2016, also Fool.ca with their article: “Is it Time to Abandon Loblaw Companies Limited?” published on October 07, 2016, Finance.Yahoo.com published: “QHR Shareholders Approve Plan of Arrangement with Loblaw Companies Limited” on October 05, 2016. More interesting news about Loblaw Companies Limited (TSE:L) were released by: Business.Financialpost.com and their article: “Loblaw Companies Ltd shuts down last U.S. Joe Fresh outlet as it ‘re-evaluates …” published on June 02, 2016 as well as Fool.ca‘s news article titled: “Loblaw Companies Limited and Telus Corporation’s Latest Investments May …” with publication date: August 27, 2016.

Loblaw Companies Limited is a Canada holding company. The company has a market cap of $27.00 billion. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial services and products. It has a 41.89 P/E ratio. The Firm operates through three divisions: Retail, Financial Services and Choice Properties.

L Company Profile

Loews Corporation, incorporated on November 12, 1969, is a holding company. The Company, through its subsidiaries, is engaged in commercial property and casualty insurance; operation of offshore gas and oil drilling rigs; transportation and storage of natural gas and natural gas liquids and gathering and processing of natural gas, and operation of a chain of hotels. The Company’s subsidiaries include CNA Financial Corporation (CNA); Diamond Offshore Drilling, Inc. (Diamond Offshore); Boardwalk Pipeline Partners, LP (Boardwalk Pipeline), and Loews Hotels Holding Corporation (Loews Hotels).

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