Scotiabank restated their sector perform rating on shares of Loblaw Companies Limited (TSE:L) in a research note released on Thursday. The brokerage currently has a C$77.00 target price on the stock.

Several other equities research analysts also recently weighed in on L. RBC Capital Markets boosted their target price on shares of Loblaw Companies Limited from C$78.00 to C$80.00 in a research report on Thursday, July 28th. National Bank Financial boosted their target price on shares of Loblaw Companies Limited from C$74.00 to C$77.00 in a research report on Thursday, July 28th. Desjardins boosted their target price on shares of Loblaw Companies Limited from C$77.00 to C$80.00 in a research report on Thursday, July 28th. CIBC boosted their target price on shares of Loblaw Companies Limited from C$80.00 to C$81.00 in a research report on Thursday, July 28th. Finally, Raymond James Financial Inc. lifted their price target on shares of Loblaw Companies Limited from C$78.00 to C$80.00 in a report on Thursday, July 28th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of Buy and an average target price of C$78.83.

Loblaw Companies Limited (TSE:L) opened at 63.86 on Thursday. The company’s 50-day moving average is $66.19 and its 200 day moving average is $69.46. The stock has a market capitalization of $25.82 billion and a PE ratio of 40.70. Loblaw Companies Limited has a 12-month low of $61.25 and a 12-month high of $74.59.

About Loblaw Companies Limited

Loblaw Companies Limited (Loblaw) is a Canada-based holding company. The Company, through its subsidiaries, provides grocery, pharmacy, health and beauty, apparel, general merchandise, and financial products and services. The Company operates through three segments: Retail, Financial Services and Choice Properties.

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