Loblaw Companies Ltd (TSE:L) insider Sarah Ruth Davis sold 58,957 shares of the stock in a transaction on Monday, November 19th. The shares were sold at an average price of C$58.54, for a total value of C$3,451,342.78.

Shares of L stock traded up C$1.82 during mid-day trading on Wednesday, hitting C$60.37. 1,229,089 shares of the stock were exchanged, compared to its average volume of 656,683. Loblaw Companies Ltd has a 12-month low of C$50.22 and a 12-month high of C$61.46. The company has a quick ratio of 0.62, a current ratio of 1.14 and a debt-to-equity ratio of 123.69.

L has been the topic of several recent analyst reports. Desjardins increased their target price on Loblaw Companies from C$62.00 to C$66.00 and gave the company a “buy” rating in a report on Thursday, November 15th. CIBC increased their target price on Loblaw Companies from C$69.00 to C$70.00 in a report on Thursday, November 15th. National Bank Financial increased their target price on Loblaw Companies from C$59.00 to C$62.00 and gave the company a “sector perform” rating in a report on Thursday, November 15th. Royal Bank of Canada increased their target price on Loblaw Companies from C$73.00 to C$75.00 and gave the company an “outperform” rating in a report on Thursday, November 15th. Finally, Raymond James dropped their target price on Loblaw Companies from C$85.00 to C$66.00 and set an “outperform” rating on the stock in a report on Wednesday, November 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of C$68.22.

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Loblaw Companies Company Profile

Loblaw Companies Limited, a food and pharmacy company, provides grocery, pharmacy, health and beauty, apparel, general merchandise, credit card, insurance brokerage, gift card, and telecommunication services in Canada. It operates through three segments: Retail, Financial Services, and Choice Properties.

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Insider Buying and Selling by Quarter for Loblaw Companies (TSE:L)

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