The stock of Loblaw Companies Limited (TSE:L) is a huge mover today! About 496,129 shares traded hands. Loblaw Companies Limited (TSE:L) has declined 6.29% since April 12, 2016 and is downtrending. It has underperformed by 10.98% the S&P500.
The move comes after 5 months positive chart setup for the $27.53B company. It was reported on Nov, 16 by Barchart.com. We have $81.50 PT which if reached, will make TSE:L worth $6.06 billion 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 $78.36 average target is 17.31% above today’s ($66.8) 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”. As per Wednesday, November 2, the company rating was maintained by BMO Capital Markets. Scotia Capital maintained the shares of L in a report on Wednesday, August 24 with “Sector Perform” rating. The rating was maintained by Dundee Securities on Thursday, September 22 with “Neutral”. The firm earned “Sector Perform” rating on Thursday, September 22 by Scotia Capital. As per Thursday, November 19, the company rating was downgraded by RBC Capital Markets.
More important recent Loblaw Companies Limited (TSE:L) news were published by: Business.Financialpost.com which released: “Loblaw Companies Ltd shuts down last U.S. Joe Fresh outlet as it ‘re-evaluates …” on June 02, 2016, also Fool.ca published article titled: “Is it Time to Abandon Loblaw Companies Limited?”, Finance.Yahoo.com published: “Loblaw Companies Limited completes acquisition of QHR Corporation” on October 13, 2016. More interesting news about Loblaw Companies Limited (TSE:L) was released by: Fool.ca and their article: “Loblaw Companies Limited or Telus Corporation: Which 1-Letter Stock Should You …” with publication date: September 22, 2016.
Loblaw Companies Limited is a Canada holding company. The company has a market cap of $27.53 billion. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial services and products. It has a 41.92 P/E ratio. The Firm operates through three divisions: Retail, Financial Services and Choice Properties.
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