Analyst Price Target is C$197.00
▲ +3.35% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Loblaw Companies in the last 3 months. The average price target is C$197.00, with a high forecast of C$225.00 and a low forecast of C$161.00. The average price target represents a 3.35% upside from the last price of C$190.62.
Current Consensus is
Moderate Buy
The current consensus among 7 polled investment analysts is to moderate buy stock in Loblaw Companies. This Moderate Buy consensus rating has held steady for over two years.
Loblaw is one of Canada's largest grocery, pharmacy, and general merchandise retailers, operating the most expansive store footprint in Ontario and maintaining sizable presences in provinces like Quebec and British Columbia. Key grocery banners include Loblaw, No Frills, and Maxi, while its pharmaceutical operations are the product of its 2014 acquisition of Shoppers Drug Mart. The firm carries a robust private-label assortment, with top sellers like President's Choice and No Name. In addition to its retail operations, Loblaw oversees a financial-services business, which provides credit card services and guaranteed investment certificates, and also operates its PC Optimum loyalty program. The firm's controlling shareholder is George Weston Limited, which owns 52.6% of the equity.
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