Laurentian Bank of Canada (TSE:LB) had its price objective decreased by equities research analysts at Royal Bank Of Canada from C$60.00 to C$55.00 in a report released on Wednesday. The firm currently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential downside of 1.79% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. National Bank Financial increased their price objective on shares of Laurentian Bank of Canada from C$59.00 to C$60.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Desjardins reduced their price objective on shares of Laurentian Bank of Canada from C$60.00 to C$59.00 in a research note on Wednesday. Canaccord Genuity downgraded shares of Laurentian Bank of Canada from a “buy” rating to a “speculative buy” rating and reduced their price objective for the stock from C$67.00 to C$61.00 in a research note on Wednesday. BMO Capital Markets upgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from C$57.00 to C$62.00 in a research note on Wednesday. Finally, Barclays increased their price objective on shares of Laurentian Bank of Canada from C$57.00 to C$62.00 in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Laurentian Bank of Canada has a consensus rating of “Hold” and an average target price of C$60.90.

Shares of Laurentian Bank of Canada (LB) traded down C$4.80 during trading on Wednesday, reaching C$56.00. 907,479 shares of the company’s stock were exchanged, compared to its average volume of 128,039. Laurentian Bank of Canada has a 12-month low of C$51.57 and a 12-month high of C$62.90.

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Laurentian Bank of Canada Company Profile

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)

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