Loblaw Companies Limited (OTCMKTS:LBLCF) Sees Large Drop in Short Interest

Loblaw Companies Limited (OTCMKTS:LBLCFGet Rating) was the recipient of a significant drop in short interest during the month of December. As of December 30th, there was short interest totalling 1,044,600 shares, a drop of 14.8% from the December 15th total of 1,225,600 shares. Based on an average trading volume of 3,400 shares, the short-interest ratio is currently 307.2 days.

Analyst Ratings Changes

A number of brokerages recently weighed in on LBLCF. Scotiabank lifted their target price on shares of Loblaw Companies from C$125.00 to C$126.50 in a research note on Thursday, November 17th. TD Securities lifted their price objective on shares of Loblaw Companies from C$130.00 to C$135.00 in a report on Thursday, November 10th. National Bank Financial lifted their price objective on shares of Loblaw Companies from C$126.00 to C$130.00 in a report on Thursday, November 17th. Royal Bank of Canada boosted their price target on shares of Loblaw Companies from C$154.00 to C$160.00 in a report on Monday, November 7th. Finally, Desjardins lowered their price objective on shares of Loblaw Companies from C$124.00 to C$120.00 in a research report on Thursday, November 17th.

Loblaw Companies Price Performance

Loblaw Companies stock opened at $86.52 on Friday. Loblaw Companies has a 1-year low of $72.64 and a 1-year high of $95.55. The firm’s 50 day simple moving average is $88.12 and its 200 day simple moving average is $87.44.

Loblaw Companies Company Profile

(Get Rating)

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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