Loblaw Companies Ltd (L) Given New C$85.00 Price Target at Raymond James Financial, Inc.

Loblaw Companies Ltd (TSE:L) had its price objective raised by Raymond James Financial, Inc. from C$80.00 to C$85.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial, Inc.’s target price suggests a potential upside of 22.73% from the company’s current price.

L has been the subject of a number of other research reports. Barclays PLC increased their target price on shares of Loblaw Companies from C$74.00 to C$75.00 in a research report on Thursday. BMO Capital Markets dropped their target price on shares of Loblaw Companies from C$85.00 to C$82.00 and set an “outperform” rating for the company in a research report on Thursday, July 27th. TD Securities increased their target price on shares of Loblaw Companies from C$78.00 to C$81.00 in a research report on Thursday. National Bank Financial dropped their target price on shares of Loblaw Companies from C$81.00 to C$78.00 and set an “outperform” rating for the company in a research report on Thursday, July 27th. Finally, CIBC dropped their target price on shares of Loblaw Companies from C$84.00 to C$83.00 in a research report on Thursday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of C$80.60.

Loblaw Companies (TSE:L) traded up C$0.11 on Thursday, reaching C$69.26. 790,357 shares of the company were exchanged, compared to its average volume of 564,343. Loblaw Companies has a 12-month low of C$64.65 and a 12-month high of C$78.87.

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About Loblaw Companies

Loblaw Companies Limited is a Canada-based holding company. The Company operates through three segments: Retail, Financial Services and Choice Properties. The Company’s Retail segment consists of corporate and franchise-owned retail food and Associate-owned drug stores, and includes in-store pharmacies and other health and beauty products, gas bars, apparel and other general merchandise.

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