Loblaw Companies Ltd (L), the Services sector company, has received a rating update from a Wall Street analyst yesterday. Analyst Mark Petrie from CIBC reiterated a Buy rating, with a C$76 price target.
According to TipRanks.com, Petrie is ranked #336 out of 5194 analysts.
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Loblaw Companies Ltd has an analyst consensus of Moderate Buy, with a price target consensus of C$74.17, representing a 13.7% upside. In a report issued on February 14, Raymond James also maintained a Buy rating on the stock with a C$66 price target.
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Loblaw Companies Ltd’s market cap is currently C$24.56B and has a P/E ratio of 45.9. The company has a Price to Book ratio of 1.99.
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 Friday at C$65.22.
