The stock of Loblaw Companies Limited (TSE:L) is a huge mover today! About 71,983 shares traded hands. Loblaw Companies Limited (TSE:L) has declined 6.49% since April 6, 2016 and is downtrending. It has underperformed by 12.14% the S&P500.
The move comes after 5 months negative chart setup for the $25.97 billion company. It was reported on Nov, 10 by Barchart.com. We have $59.25 PT which if reached, will make TSE:L worth $2.08B 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. $89 is the highest target while $71 is the lowest. The $78.36 average target is 21.68% above today’s ($64.4) stock price. Loblaw Companies Limited has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, November 2 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets downgraded Loblaw Companies Limited (TSE:L) rating on Thursday, November 19. RBC Capital Markets has “Sector Perform” rating and $78 price target. The rating was maintained by Scotia Capital with “Sector Perform” on Wednesday, August 24. The rating was maintained by Scotia Capital on Thursday, September 22 with “Sector Perform”. BMO Capital Markets maintained Loblaw Companies Limited (TSE:L) on Wednesday, November 2 with “Market Perform” rating. 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, Business.Financialpost.com published: “Loblaw Companies Ltd shuts down last U.S. Joe Fresh outlet as it ‘re-evaluates …” on June 02, 2016. More interesting news about Loblaw Companies Limited (TSE:L) were released by: Fool.ca and their article: “Is Loblaw Companies Limited a Buy After Dipping 6%?” published on September 23, 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 $25.97 billion. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial services and products. It has a 40.41 P/E ratio. The Firm operates through three divisions: Retail, Financial Services and Choice Properties.
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