Laurentian Bank of Canada (OTCMKTS:LRCDF) PT Lowered to C$46.00 at TD Securities

Laurentian Bank of Canada (OTCMKTS:LRCDF) had its target price reduced by TD Securities from C$47.00 to C$46.00 in a research report issued on Wednesday, The Fly reports. The brokerage currently has a “hold” rating on the stock.

Several other research firms have also weighed in on LRCDF. CIBC increased their target price on shares of Laurentian Bank of Canada from C$43.00 to C$45.00 and gave the stock an “underperform” rating in a report on Thursday, September 2nd. Scotiabank increased their price objective on shares of Laurentian Bank of Canada from C$46.00 to C$48.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Credit Suisse Group raised their target price on shares of Laurentian Bank of Canada from C$42.00 to C$44.00 and gave the company an “underperform” rating in a research report on Thursday, September 2nd. Finally, Royal Bank of Canada raised their target price on shares of Laurentian Bank of Canada from C$51.00 to C$52.00 and gave the company an “outperform” rating in a research report on Thursday, September 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $46.40.

LRCDF opened at $30.87 on Wednesday. Laurentian Bank of Canada has a one year low of $23.28 and a one year high of $37.43. The company’s 50 day simple moving average is $32.91 and its 200-day simple moving average is $33.99.

About Laurentian Bank of Canada

Laurentian Bank of Canada, together with its subsidiaries, provides various financial services to individuals, business, and institutional customers in Canada and the United States. It operates through Personal, Business Services, and Institutional segments. The company offers notice, demand, and term deposits; commercial, residential mortgage, and personal loans; equipment and inventory, and real estate financing; and credit life and disability insurance products.

Further Reading: Forex

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Analyst Recommendations for Laurentian Bank of Canada (OTCMKTS:LRCDF)

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