Laurentian Bank of Canada (TSE:LB) Receives C$36.44 Average Target Price from Brokerages

Shares of Laurentian Bank of Canada (TSE:LB) have been given an average recommendation of “Strong Sell” by the five research firms that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and two have given a hold recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$36.44.

A number of research analysts have weighed in on LB shares. Scotiabank set a C$33.00 target price on Laurentian Bank of Canada and gave the stock a “sector perform” rating in a report on Tuesday, November 25th. Royal Bank Of Canada raised Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and lifted their target price for the stock from C$25.00 to C$40.00 in a report on Monday, December 8th. Desjardins cut their target price on shares of Laurentian Bank of Canada from C$50.00 to C$40.00 and set a “tender” rating for the company in a research report on Monday, February 9th. Canadian Imperial Bank of Commerce lowered shares of Laurentian Bank of Canada from a “neutral” rating to a “tender” rating and upped their price target for the company from C$35.00 to C$40.50 in a research report on Monday, December 8th. Finally, Raymond James Financial downgraded shares of Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a research report on Monday, December 8th.

Laurentian Bank of Canada Stock Up 0.3%

Shares of Laurentian Bank of Canada stock opened at C$40.25 on Friday. The business has a 50 day moving average of C$40.05 and a 200 day moving average of C$35.51. Laurentian Bank of Canada has a 52 week low of C$24.37 and a 52 week high of C$40.42. The company has a market cap of C$1.80 billion, a PE ratio of 14.17, a P/E/G ratio of 0.76 and a beta of 1.49.

Laurentian Bank of Canada (TSE:LB) last issued its quarterly earnings data on Friday, December 5th. The company reported C$0.73 earnings per share (EPS) for the quarter. Laurentian Bank of Canada had a negative net margin of 0.30% and a negative return on equity of 0.20%. The business had revenue of C$244.71 million for the quarter. On average, research analysts anticipate that Laurentian Bank of Canada will post 3.8414986 earnings per share for the current year.

Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada provides personal banking, business banking and real estate and commercial financing to its personal, business, and institutional customers across Canada and the United States. The company reports three operating segments: personal, business services, and capital markets. The personal segment offers financial services to retail clients. The business services segment provides financial services, commercial banking, real estate financing, and equipment and inventory financing to business clients.