RBC Capital Reaffirms Their Buy Rating on 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$68.00. The company’s shares closed last Tuesday at C$61.27.
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Nattel covers the Consumer Defensive sector, focusing on stocks such as Loblaw Companies, Maple Leaf Foods, and Metro Inc.. According to TipRanks, Nattel has an average return of 16.9% and a 67.01% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Loblaw Companies with a $47.24 average price target, a -22.90% downside from current levels. In a report released on December 7, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a C$71.00 price target.
LBLCF market cap is currently C$72.55B and has a P/E ratio of 29.66.
Based on the recent corporate insider activity of 122 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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