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Scotiabank downgrades Loblaw Companies (LBLCF) to a Hold

Tipranks - Tipranks - Fri Apr 10, 3:03PM CDT

Scotiabank analyst John Zamparo downgraded Loblaw Companies to a Hold today and set a price target of C$70.00.

Easter Sale - 70% Off TipRanks

Zamparo covers the Consumer Defensive sector, focusing on stocks such as Loblaw Companies, Saputo Inc., and George Weston. According to TipRanks, Zamparo has an average return of 1.2% and a 44.62% success rate on recommended stocks.

In addition to Scotiabank, Loblaw Companies also received a Hold from TipRanks – xAI’s xAi Grocery Stores in a report issued on March 27. However, on March 26, TipRanks – DeepSeek reiterated a Buy rating on Loblaw Companies (Other OTC: LBLCF).

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LBLCF market cap is currently C$76.21B and has a P/E ratio of 27.64.

Based on the recent corporate insider activity of 123 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LBLCF in relation to earlier this year.

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