Loblaw Companies (OTCMKTS:LBLCF) Hits New 1-Year High – Here’s Why

Loblaw Companies Limited (OTCMKTS:LBLCFGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $49.80 and last traded at $49.80, with a volume of 105 shares trading hands. The stock had previously closed at $48.97.

Loblaw Companies Price Performance

The firm’s 50-day moving average price is $45.31 and its two-hundred day moving average price is $57.16. The company has a current ratio of 1.35, a quick ratio of 0.74 and a debt-to-equity ratio of 1.49. The stock has a market cap of $57.75 billion and a PE ratio of 98.28.

Loblaw Companies Company Profile

(Get Free Report)

Loblaw Companies Limited is Canada’s largest food and pharmacy retailer, operating a network of more than 2,400 corporate and franchise stores across every province and territory. Its grocery banners include Loblaws, No Frills, Real Canadian Superstore and Zehrs, while its joint venture with George Weston Limited underpins a portfolio of hard-discount and premium formats. Loblaw maintains its headquarters in Brampton, Ontario, and its shares trade on the Toronto Stock Exchange, with American depositary receipts quoted on OTCMKTS under the symbol LBLCF.

In addition to conventional grocery retailing, Loblaw provides pharmacy services through its Shoppers Drug Mart chain, one of Canada’s leading health and beauty networks.

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