Laurentian Bank of Canada (TSE:LB) was upgraded by equities researchers at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research note issued on Wednesday, StockTargetPrices.com reports. The firm currently has a C$62.00 target price on the stock, up from their prior target price of C$57.00. BMO Capital Markets’ price target would suggest a potential upside of 10.71% from the company’s previous close.

LB has been the topic of several other research reports. National Bank Financial raised their target price on shares of Laurentian Bank of Canada from C$58.00 to C$59.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 30th. CIBC raised their target price on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a research note on Monday, November 13th. Canaccord Genuity raised their target price on shares of Laurentian Bank of Canada from C$63.00 to C$67.00 in a research note on Wednesday, November 1st. Barclays reduced their target price on shares of Laurentian Bank of Canada from C$58.00 to C$57.00 in a research note on Friday, August 11th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a C$60.00 target price on shares of Laurentian Bank of Canada in a research note on Monday, August 21st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Laurentian Bank of Canada has a consensus rating of “Hold” and an average target price of C$60.90.

Laurentian Bank of Canada (TSE:LB) traded down C$4.80 on Wednesday, reaching C$56.00. 907,479 shares of the company’s stock traded hands, compared to its average volume of 128,039. Laurentian Bank of Canada has a 52-week low of C$51.57 and a 52-week high of C$62.90.

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About Laurentian Bank of Canada

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.

Stock Target Prices

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

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