Scotiabank Sticks to Their Hold Rating for Loblaw Companies Ltd

By Ryan Adsit

In a latest note to investors, a research analyst has provided a rating update for the Services sector company, Loblaw Companies Ltd (TSX: L). On July 26, analyst Patricia Baker gave a Hold rating to L and set a C$76 price target.

According to TipRanks.com, Baker is a 4-star analyst with an average return of 9.2% and a 58.8% success rate. Baker covers the Services sector, focusing on stocks such as Walgreens Boots Alliance, Alimentation Couche Tard, and Loblaw Companies Limited.

Loblaw Companies Ltd has an analyst consensus of Strong Buy, with a price target consensus of C$83.83.

The company has a one year high of C$78.87 and a one year low of C$62.33. Currently, Loblaw Companies Ltd has an average volume of 609.1K.

Loblaw Cos. Ltd. operates as a food retailer. It engages in providing drugstore, general merchandise and financial products and services. The company operates through the following business segments: Retail, Financial Services and Choice Properties.

The company’s shares closed on Friday at C$68.23.