Loblaw Companies Ltd (TSE:L) insider Sarah Ruth Davis sold 58,957 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of C$58.54, for a total value of C$3,451,342.78.
TSE:L opened at C$60.04 on Friday. Loblaw Companies Ltd has a 1 year low of C$50.22 and a 1 year high of C$61.46. The company has a current ratio of 1.19, a quick ratio of 0.61 and a debt-to-equity ratio of 123.99.
A number of research analysts recently commented on the company. Desjardins upped their price objective on Loblaw Companies from C$62.00 to C$66.00 and gave the stock a “buy” rating in a research note on Thursday, November 15th. CIBC upped their price objective on Loblaw Companies from C$69.00 to C$70.00 in a research note on Thursday, November 15th. National Bank Financial upped their price objective on Loblaw Companies from C$59.00 to C$62.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 15th. Royal Bank of Canada upped their price objective on Loblaw Companies from C$73.00 to C$75.00 and gave the stock an “outperform” rating in a research note on Thursday, November 15th. Finally, Raymond James lowered their price objective on Loblaw Companies from C$85.00 to C$66.00 and set an “outperform” rating for the company in a research note on Wednesday, November 14th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of C$68.22.
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Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift card, and telecommunication services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.
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