Loblaw Companies Ltd (L), the Services sector company was revisited today, and remains undervalued for at least one analyst on the street. Raymond James’ analyst Kenric Tyghe reiterates their Buy rating on the shares, with a C$66 price target.
According to TipRanks.com, Tyghe is a 3-star analyst with an average return of 3.2% and a 55.7% success rate. Tyghe covers the Services sector, focusing on stocks such as Loblaw Companies Limited, Dollarama Inc, and Cineplex.
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Currently, the analyst consensus on Loblaw Companies Ltd is a Moderate Buy with an average price target of C$69.80.
The company has a one-year high of C$69.94 and a one-year low of C$51.90. Currently, Loblaw Companies Ltd has an average volume of 659.6K.
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 Thursday at C$66.97, close to its 52-week high of C$69.94.
