Wall Street analyst has provided a review for the Services company yesterday, but retained the same rating on the stock. Loblaw Companies Ltd (TSX: L) received a Buy rating from CIBC’s analyst Mark Petrie, with a C$82 price target.
Petrie has an average return of 1.2% when recommending Loblaw Companies Ltd.
According to TipRanks.com, Petrie is ranked #288 out of 4872 analysts.
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Currently, the analyst consensus on Loblaw Companies Ltd is a Moderate Buy with an average price target of C$79.
Loblaw Companies Ltd’s market cap is currently C$24.81B and has a P/E ratio of 19.8. The company has a Price to Book ratio of 2.03.
Loblaw Cos. Ltd. is a food retailer, which engages in the provision of drugstore, general merchandise, and financial products and services. It operates through the following business segments: Retail, Financial Services, and Choice Properties.
The company’s shares closed on Tuesday at C$66.24.
