Barclays Raises Laurentian Bank of Canada Price Target to C$53.00 (LB)
Research analysts at Barclays hoisted their price target on shares of Laurentian Bank of Canada (TSE:LB) from C$50.00 to C$53.00 in a report released on Tuesday. The firm currently has an “underweight” rating on the stock. Barclays’ target price indicates a potential upside of 4.00% from the stock’s previous close.
A number of other firms have also recently commented on LB. Analysts at CIBC raised their price target on shares of Laurentian Bank of Canada from C$51.00 to C$55.00 in a research note on Tuesday, August 12th. They now have a “positive” rating on the stock. Separately, analysts at National Bank Financial raised their price target on shares of Laurentian Bank of Canada from C$48.00 to C$51.00 in a research note on Thursday, June 5th. Finally, analysts at Scotiabank reiterated a “sector perform” rating on shares of Laurentian Bank of Canada in a research note on Thursday, June 5th. They now have a C$51.00 price target on the stock, up previously from C$49.00. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$50.64.
Laurentian Bank of Canada (TSE:LB) traded up 0.06% on Tuesday, hitting $50.99. The stock had a trading volume of 23,772 shares. Laurentian Bank of Canada has a 52-week low of $44.25 and a 52-week high of $51.92. The stock has a 50-day moving average of $50.82 and a 200-day moving average of $48.02. The company has a market cap of $1.466 billion and a price-to-earnings ratio of 12.71.
Laurentian Bank of Canada (TSE:LB) last released its earnings data on Thursday, June 5th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.22 by $0.07. On average, analysts predict that Laurentian Bank of Canada will post $5.39 earnings per share for the current fiscal year.
Laurentian Bank of Canada (TSE:LB) is a Canada-based banking institution.
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