Laurentian Bank of Canada (TSE:LB) had its price objective cut by investment analysts at Barclays PLC from C$58.00 to C$57.00 in a research report issued on Friday. Barclays PLC’s price objective suggests a potential upside of 6.74% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Scotiabank dropped their price target on shares of Laurentian Bank of Canada from C$64.00 to C$60.00 and set a “sector perform” rating on the stock in a research note on Monday, May 29th. Desjardins dropped their price target on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 and set a “hold” rating on the stock in a research note on Friday, May 26th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a C$57.00 price target on shares of Laurentian Bank of Canada in a research note on Wednesday, May 31st. BMO Capital Markets reiterated a “market perform” rating and issued a C$56.00 price target on shares of Laurentian Bank of Canada in a research note on Monday, May 29th. Finally, TD Securities dropped their price target on shares of Laurentian Bank of Canada from C$62.00 to C$60.00 and set a “hold” rating on the stock in a research note on Wednesday, May 31st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of C$58.90.

Laurentian Bank of Canada (LB) traded down 2.52% during midday trading on Friday, hitting $53.40. 223,671 shares of the stock were exchanged. Laurentian Bank of Canada has a 1-year low of $47.75 and a 1-year high of $61.67. The stock has a market cap of $1.82 billion and a PE ratio of 12.43. The company’s 50 day moving average is $54.53 and its 200-day moving average is $56.36.

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Laurentian Bank of Canada Company Profile

Laurentian Bank of Canada is a Canada-based Chartered bank. The Bank and its subsidiaries provide banking services to individuals, and small and medium-sized enterprises, as well as to independent advisors across Canada. It also operates as a full-service brokerage firm. The Bank’s loan portfolio consists of personal loans, residential mortgage loans, commercial mortgage loans and commercial loans, including acceptances and finance lease receivables.

Analyst Recommendations for Laurentian Bank of Canada (TSE:LB)

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