The stock of Loblaw Companies Limited (TSE:L) is a huge mover today! About 88,830 shares traded hands. Loblaw Companies Limited (TSE:L) has declined 0.26% since April 25, 2016 and is downtrending. It has underperformed by 5.52% the S&P500.
The move comes after 8 months positive chart setup for the $27.99B company. It was reported on Nov, 29 by Barchart.com. We have $74.27 PT which if reached, will make TSE:L worth $1.96B 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 $79.09 average target is 13.95% above today’s ($69.41) stock price. Loblaw Companies Limited has been the topic of 25 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Thursday, November 17, the company rating was maintained by Scotia Capital. On Wednesday, November 2 the stock rating was maintained by BMO Capital Markets with “Market Perform”. Dundee Securities maintained Loblaw Companies Limited (TSE:L) rating on Thursday, September 22. Dundee Securities has “Neutral” rating and $76 price target. The rating was downgraded by RBC Capital Markets on Thursday, November 19 to “Sector Perform”. The company was maintained on Wednesday, August 24 by Scotia Capital. The rating was maintained by RBC Capital Markets on Wednesday, November 2 with “Outperform”. The rating was maintained by Scotia Capital with “Sector Perform” on Thursday, September 22.
More notable recent Loblaw Companies Limited (TSE:L) news were published by: Fool.ca which released: “Why Loblaw Companies Limited Is a Strong Buy Right Now” on November 15, 2016, also Business.Financialpost.com with their article: “Loblaw Companies Ltd shuts down last U.S. Joe Fresh outlet as it ‘re-evaluates …” published on June 02, 2016, Fool.ca published: “Why Canopy Growth Corp. and Loblaw Companies Limited Are a Perfect Match” on November 19, 2016. More interesting news about Loblaw Companies Limited (TSE:L) were released by: Fool.ca and their article: “Loblaw Companies Limited’s Recent Earnings Beat: Not Sustainable Long Term” published on November 18, 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 $27.99 billion. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial services and products. It has a 31.24 P/E ratio. The Firm operates through three divisions: Retail, Financial Services and Choice Properties.
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