Laurentian Bank of Canada (TSE:LB) Receives C$35.19 Consensus Price Target from Brokerages

Laurentian Bank of Canada (TSE:LB) has earned a consensus rating of “Strong Sell” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$35.19.

Several equities analysts have weighed in on LB shares. Royal Bank Of Canada upgraded shares of Laurentian Bank of Canada from a “strong sell” rating to a “hold” rating and lifted their price objective for the stock from C$25.00 to C$40.00 in a research report on Monday, December 8th. Raymond James Financial downgraded Laurentian Bank of Canada from a “market perform” rating to an “underperform” rating in a report on Monday, December 8th. BMO Capital Markets upped their price target on Laurentian Bank of Canada from C$31.00 to C$40.50 in a research report on Monday, December 8th. CIBC lowered Laurentian Bank of Canada from a “neutral” rating to a “tender” rating and raised their price objective for the stock from C$35.00 to C$40.50 in a research report on Monday, December 8th. Finally, Scotiabank set a C$33.00 target price on Laurentian Bank of Canada and gave the company a “sector perform” rating in a research note on Tuesday, November 25th.

Laurentian Bank of Canada Trading Up 0.1%

TSE LB opened at C$40.00 on Monday. Laurentian Bank of Canada has a 1 year low of C$24.37 and a 1 year high of C$40.42. The company has a market cap of C$1.79 billion, a PE ratio of 14.08, a PEG ratio of 0.76 and a beta of 1.57. The stock’s 50-day moving average price is C$38.94 and its two-hundred day moving average price is C$34.39.

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

About Laurentian Bank of Canada

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.