The stock of Loblaw Companies Limited (TSE:L) is a huge mover today! About 146,438 shares traded hands. Loblaw Companies Limited (TSE:L) has declined 5.94% since March 14, 2016 and is downtrending. It has underperformed by 11.49% the S&P500.
The move comes after 9 months negative chart setup for the $26.99B company. It was reported on Oct, 19 by Barchart.com. We have $60.47 PT which if reached, will make TSE:L worth $2.43 billion less.
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. Loblaw Companies Limited has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Sector Perform” rating given by Scotia Capital on Thursday, September 22. The firm has “Neutral” rating by Dundee Securities given on Thursday, September 22. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Thursday, November 19 report. The stock of Loblaw Companies Limited (TSE:L) earned “Sector Perform” rating by Scotia Capital on Wednesday, August 24.
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 Finance.Yahoo.com with their article: “QHR Shareholders Approve Plan of Arrangement with Loblaw Companies Limited” published on October 05, 2016, Fool.ca published: “Is it Time to Abandon Loblaw Companies Limited?” on October 07, 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 Business.Financialpost.com‘s news article titled: “Loblaw Companies Ltd says move to cut grocery prices in top-tier stores …” with publication date: July 27, 2016.
Loblaw Companies Limited is a Canada holding company. The company has a market cap of $26.99 billion. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial services and products. It has a 41.7 P/E ratio. The Firm operates through three divisions: Retail, Financial Services and Choice Properties.
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