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Loblaw Companies (LBLCF) Gets a Buy from UBS

Tipranks - Tipranks - Fri Feb 27, 6:13AM CST

In a report released yesterday, Mark Carden from UBS maintained a Buy rating on Loblaw Companies, with a price target of C$73.00. The company’s shares closed yesterday at C$63.80.

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According to TipRanks, Carden is a 4-star analyst with an average return of 16.1% and a 77.63% success rate. Carden covers the Consumer Defensive sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dollarama, and Sysco.

Currently, the analyst consensus on Loblaw Companies is a Strong Buy with an average price target of C$70.95, implying an 11.21% upside from current levels. In a report released today, Desjardins also maintained a Buy rating on the stock with a C$70.00 price target.

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LBLCF market cap is currently C$79.13B and has a P/E ratio of 32.61.

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