Loblaw Companies Ltd (OTCMKTS:LBLCF) Given Average Recommendation of “Buy” by Brokerages
Shares of Loblaw Companies Ltd (OTCMKTS:LBLCF) have been given an average recommendation of “Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company.
Separately, Desjardins raised Loblaw Companies from a “hold” rating to a “buy” rating and set a C$70.00 price objective for the company in a report on Thursday, May 2nd.
OTCMKTS:LBLCF traded up $0.06 during trading hours on Thursday, reaching $51.22. 827 shares of the stock were exchanged, compared to its average volume of 3,271. Loblaw Companies has a twelve month low of $38.65 and a twelve month high of $53.23. The company’s 50 day simple moving average is $51.60.
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 comprising in-store pharmacies, other health and beauty product stores, apparel stores, and other general merchandise stores, as well as supports the PC Optimum reward program.
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