Lakeland Bancorp Given New $14.00 Price Target at Guggenheim (LBAI)
Investment analysts at Guggenheim raised their price objective on shares of Lakeland Bancorp (NASDAQ:LBAI) from $13.50 to $14.00 in a note issued to investors on Tuesday, AnalystRatings.Net reports. Guggenheim’s price objective would indicate a potential upside of 18.95% from the company’s current price.
Lakeland Bancorp (NASDAQ:LBAI) traded up 0.94% on Tuesday, hitting $11.77. The stock had a trading volume of 252,469 shares. Lakeland Bancorp has a 1-year low of $9.02 and a 1-year high of $12.70. The stock’s 50-day moving average is $12.22 and its 200-day moving average is $11.56. The company has a market cap of $421.7 million and a P/E ratio of 15.80.
Lakeland Bancorp (NASDAQ:LBAI) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.20 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.20. Analysts expect that Lakeland Bancorp will post $0.76 EPS for the current fiscal year.
Separately, analysts at Macquarie downgraded shares of Lakeland Bancorp from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, October 25th.
Lakeland Bancorp, Inc (NASDAQ:LBAI) is a bank holding company of Lakeland Bank (the Bank or Lakeland).
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