Laurentian Bank of Canada (LB) Price Target Raised to C$57.00
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.
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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.
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