Michael James Motz Sells 37,520 Shares of Loblaw Companies Ltd (L) Stock

Loblaw Companies Ltd (TSE:L) Director Michael James Motz sold 37,520 shares of the company’s stock in a transaction dated Wednesday, November 21st. The shares were sold at an average price of C$60.42, for a total value of C$2,266,958.40.

Shares of TSE L opened at C$61.00 on Friday. Loblaw Companies Ltd has a 52 week low of C$50.22 and a 52 week 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.

Several equities research analysts recently commented on the company. National Bank Financial boosted their price target on Loblaw Companies from C$59.00 to C$62.00 and gave the company a “sector perform” rating in a research note on Thursday, November 15th. Desjardins boosted their price target on Loblaw Companies from C$62.00 to C$66.00 and gave the company a “buy” rating in a research note on Thursday, November 15th. CIBC boosted their price target on Loblaw Companies from C$69.00 to C$70.00 in a research note on Thursday, November 15th. Raymond James lowered their price target 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. Finally, BMO Capital Markets lowered their price target on Loblaw Companies from C$82.00 to C$70.00 and set an “outperform” rating for the company in a research note on Wednesday, November 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of C$68.22.

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Loblaw Companies Company Profile

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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Insider Buying and Selling by Quarter for Loblaw Companies (TSE:L)

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