What’s Ahead for Loblaw Companies Limited After Today’s Huge Decline?

 What's Ahead for Loblaw Companies Limited After Today's Huge Decline?

The stock of Loblaw Companies Limited (TSE:L) is a huge mover today! About 68,100 shares traded hands. Loblaw Companies Limited (TSE:L) has declined 1.87% since April 18, 2016 and is downtrending. It has underperformed by 6.43% the S&P500.
The move comes after 9 months negative chart setup for the $28.01 billion company. It was reported on Nov, 22 by Barchart.com. We have $64.98 PT which if reached, will make TSE:L worth $1.68 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. $89 is the highest target while $71 is the lowest. The $79.09 average target is 14.41% above today’s ($69.13) stock price. Loblaw Companies Limited has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Scotia Capital maintained it with “Sector Perform” rating and $77 target price in Thursday, November 17 report. The firm earned “Neutral” rating on Thursday, September 22 by Dundee Securities. The rating was maintained by Scotia Capital on Wednesday, August 24 with “Sector Perform”. RBC Capital Markets maintained it with “Outperform” rating and $80 target price in Wednesday, November 2 report. The rating was maintained by Scotia Capital with “Sector Perform” on Thursday, September 22. The stock of Loblaw Companies Limited (TSE:L) earned “Market Perform” rating by BMO Capital Markets on Wednesday, November 2. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Thursday, November 19.

More notable recent Loblaw Companies Limited (TSE:L) news were published by: Fool.ca which released: “Why Canopy Growth Corp. and Loblaw Companies Limited Are a Perfect Match” on November 19, 2016, also Fool.ca with their article: “Why Loblaw Companies Limited Is a Strong Buy Right Now” published on November 15, 2016, Fool.ca published: “Loblaw Companies Limited’s Recent Earnings Beat: Not Sustainable Long Term” on November 18, 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: “Is it Time to Abandon Loblaw Companies Limited?” with publication date: October 07, 2016.

Loblaw Companies Limited is a Canada holding company. The company has a market cap of $28.01 billion. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial services and products. It has a 31.11 P/E ratio. The Firm operates through three divisions: Retail, Financial Services and Choice Properties.

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