BMO Capital Markets Upgrades Laurentian Bank of Canada (LB) to Outperform
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.
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.
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