Shares of Loblaw Companies Ltd (OTCMKTS:LBLCF) fell 0.4% on Wednesday . The company traded as low as $53.00 and last traded at $53.00, 458 shares traded hands during trading. A decline of 82% from the average session volume of 2,573 shares. The stock had previously closed at $53.21.
Separately, BMO Capital Markets set a $79.00 target price on Loblaw Companies and gave the stock a “buy” rating in a report on Monday, October 21st. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $79.00.
The business has a fifty day simple moving average of $54.89 and a two-hundred day simple moving average of $52.64.
Loblaw Companies Limited, a food and pharmacy company, engages in the grocery, pharmacy, health and beauty, apparel, general merchandise, financial services, and wireless mobile products and services businesses in Canada. It operates in two segments, Retail and Financial Services. The Retail segment operates corporate and franchise-owned retail food, and associate-owned drug stores comprising in-store pharmacies, other health and beauty product stores, apparel stores, and other general merchandise stores, as well as supports the PC Optimum reward program.
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