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Analysts Offer Insights on Consumer Goods Companies: Coty (COTY) and Loblaw Companies (OtherLBLCF)

Tipranks - Fri May 8, 7:08AM CDT

There’s a lot to be optimistic about in the Consumer Goods sector as 2 analysts just weighed in on Coty (COTY) and Loblaw Companies (LBLCF) with bullish sentiments.

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Coty (COTY)

In a report released today, Nik Modi from RBC Capital maintained a Buy rating on Coty, with a price target of $8.00. The company’s shares closed last Wednesday at $2.65.

According to TipRanks.com, Modi ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -4.4% and a 42.1% success rate. Modi covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies, Spectrum Brands Holdings, and Edgewell Personal Care. ;'>

Currently, the analyst consensus on Coty is a Hold with an average price target of $3.29.

See the top stocks recommended by analysts >>

Loblaw Companies (LBLCF)

In a report released yesterday, Irene Nattel from RBC Capital maintained a Buy rating on Loblaw Companies, with a price target of C$72.00. The company’s shares closed last Wednesday at $43.85.

Nattel has an average return of 23.0% when recommending Loblaw Companies. ;'>

According to TipRanks.com, Nattel is ranked #158 out of 12228 analysts.

Loblaw Companies has an analyst consensus of Moderate Buy, with a price target consensus of $52.71, a 17.4% upside from current levels. In a report issued on April 29, TD Cowen also maintained a Buy rating on the stock with a C$75.00 price target.

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