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Analysts Have Conflicting Sentiments on These Consumer Goods Companies: Loblaw Companies (OtherLBLCF), Shopify (SHOP) and Lamb Weston Holdings (LW)

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Loblaw Companies (LBLCFResearch Report), Shopify (SHOPResearch Report) and Lamb Weston Holdings (LWResearch Report).

Loblaw Companies (LBLCF)

Barclays analyst Karen Short maintained a Hold rating on Loblaw Companies on July 28 and set a price target of C$83.00. The company’s shares closed last Thursday at $67.36.

According to TipRanks.com, Short is a 4-star analyst with an average return of 11.7% and a 67.0% success rate. Short covers the Consumer Goods sector, focusing on stocks such as Alimentation Couche Tard, Floor & Decor Holdings, and Grocery Outlet Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Loblaw Companies with a $72.37 average price target, representing an 8.3% upside. In a report issued on July 28, Desjardins also maintained a Hold rating on the stock with a C$85.00 price target.

See today’s analyst top recommended stocks >>

Shopify (SHOP)

In a report issued on July 28, Trevor Young from Barclays maintained a Hold rating on Shopify, with a price target of $1800.00. The company’s shares closed last Thursday at $1525.00, close to its 52-week high of $1650.00.

According to TipRanks.com, Young is ranked #6512 out of 7609 analysts.

Currently, the analyst consensus on Shopify is a Moderate Buy with an average price target of $1734.74, representing a 13.5% upside. In a report issued on July 13, Guggenheim also assigned a Hold rating to the stock.

Lamb Weston Holdings (LW)

In a report issued on July 28, Andrew Lazar from Barclays maintained a Buy rating on Lamb Weston Holdings, with a price target of $77.00. The company’s shares closed last Thursday at $67.25.

According to TipRanks.com, Lazar is a 4-star analyst with an average return of 7.8% and a 64.8% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, TreeHouse Foods, and Conagra Brands.

Currently, the analyst consensus on Lamb Weston Holdings is a Strong Buy with an average price target of $84.75, implying a 25.8% upside from current levels. In a report issued on July 27, Jefferies also assigned a Buy rating to the stock with a $90.00 price target.

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