Loblaw Companies Ltd (L) Received its Third Buy in a Row

By Jason Carr

Analysts have been quite happy with Loblaw Companies Ltd (LResearch Report) stock lately, as after RBC Capital and TD Securities rated the stock a Buy this past month, there is another positive note, this time from BMO Capital. Today, analyst Peter Sklar gave a Buy rating to L and set a C$70 price target.

According to TipRanks.com, Sklar is ranked #1205 out of 4907 analysts.

Loblaw Companies Ltd has an analyst consensus of Strong Buy, with a price target consensus of C$70.60, a 23.8% upside from current levels. In a report issued on November 2, RBC Capital also maintained a Buy rating on the stock with a C$73 price target.

.

The company has a one-year high of C$70.39 and a one-year low of C$51.90. Currently, Loblaw Companies Ltd has an average volume of 540.1K.

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 Wednesday at C$57.04.