Laurentian Bank of Canada Price Target Increased to C$55.00 by Analysts at Canaccord Genuity (LB)
Investment analysts at Canaccord Genuity lifted their price objective on shares of Laurentian Bank of Canada (TSE:LB) from C$52.50 to C$55.00 in a note issued to investors on Thursday. Canaccord Genuity’s price objective would suggest a potential upside of 8.03% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Laurentian Bank of Canada from C$50.00 to C$53.00 in a research note on Tuesday. They now have an “underweight” rating on the stock. Separately, 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. Finally, 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$51.00.
Shares of Laurentian Bank of Canada (TSE:LB) opened at 50.91 on Thursday. Laurentian Bank of Canada has a 1-year low of $44.25 and a 1-year high of $51.92. The stock’s 50-day moving average is $50.86 and its 200-day moving average is $48.10. The company has a market cap of $1.463 billion and a P/E ratio of 12.72.
Laurentian Bank of Canada (TSE:LB) last announced its earnings results on Thursday, June 5th. The company reported $1.29 earnings per share for the quarter, beating the analysts’ 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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