Laurentian Bank of Canada (TSE:LB) had its price objective lifted by BMO Capital Markets from C$56.00 to C$57.00 in a report released on Wednesday. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 4.20% from the company’s previous close.

Several other research firms have also recently weighed in on LB. Scotiabank lowered their price objective on shares of Laurentian Bank of Canada from C$64.00 to C$60.00 and set a “sector perform” rating on the stock in a research report on Monday, May 29th. Barclays PLC decreased their target price on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 in a research note on Friday, August 11th. Desjardins decreased their target price on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 and set a “hold” rating for the company in a research note on Friday, May 26th. Royal Bank Of Canada reissued a “sector perform” rating and set a C$57.00 target price on shares of Laurentian Bank of Canada in a research note on Wednesday, May 31st. Finally, TD Securities decreased their target price on shares of Laurentian Bank of Canada from C$62.00 to C$60.00 and set a “hold” rating for the company in a research note on Wednesday, May 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of C$58.90.

Shares of Laurentian Bank of Canada (TSE:LB) traded up 2.18% during trading on Wednesday, reaching $55.89. The company’s stock had a trading volume of 89,337 shares. Laurentian Bank of Canada has a 52 week low of $48.06 and a 52 week high of $61.67. The company has a 50 day moving average price of $54.29 and a 200 day moving average price of $55.95. The firm has a market capitalization of $1.90 billion and a P/E ratio of 13.01.

ILLEGAL ACTIVITY NOTICE: “Laurentian Bank of Canada (LB) Price Target Raised to C$57.00” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/08/30/laurentian-bank-of-canada-lb-price-target-raised-to-c57-00.html.

About Laurentian Bank of Canada

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

Receive News & Stock Ratings for Laurentian Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Laurentian Bank of Canada and related stocks with our FREE daily email newsletter.