Scotiabank Raises Loblaw Companies (OTCMKTS:LBLCF) Price Target to C$126.50

Loblaw Companies (OTCMKTS:LBLCFGet Rating) had its price target increased by Scotiabank from C$125.00 to C$126.50 in a report released on Thursday, The Fly reports.

A number of other analysts have also commented on the company. Royal Bank of Canada boosted their price objective on Loblaw Companies from C$154.00 to C$160.00 in a report on Monday, November 7th. BMO Capital Markets boosted their price objective on Loblaw Companies from C$118.00 to C$123.00 in a report on Thursday, July 28th. National Bank Financial boosted their price objective on Loblaw Companies from C$125.00 to C$127.00 in a report on Thursday, July 28th. Finally, TD Securities boosted their price objective on Loblaw Companies from C$130.00 to C$135.00 in a report on Thursday, November 10th.

Loblaw Companies Stock Up 2.8 %

LBLCF stock opened at $82.27 on Thursday. The stock’s 50 day simple moving average is $82.15 and its 200 day simple moving average is $87.37. Loblaw Companies has a fifty-two week low of $72.64 and a fifty-two week high of $95.55.

About Loblaw Companies

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Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores.

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