Desjardins Cuts Laurentian Bank of Canada (LB) Price Target to C$59.00
Laurentian Bank of Canada (TSE:LB) had its target price cut by equities researchers at Desjardins from C$60.00 to C$59.00 in a research note issued on Wednesday, StockTargetPrices.com reports. Desjardins’ price objective would indicate a potential upside of 5.36% from the company’s current price.
A number of other equities research analysts have also issued reports on the stock. National Bank Financial boosted their price target 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 report on Wednesday, August 30th. BMO Capital Markets boosted their price target on shares of Laurentian Bank of Canada from C$56.00 to C$57.00 and gave the company a “market perform” rating in a report on Wednesday, August 30th. Scotiabank restated a “sector perform” rating and set a C$60.00 price target on shares of Laurentian Bank of Canada in a report on Monday, August 21st. CIBC boosted their price target on shares of Laurentian Bank of Canada from C$61.00 to C$66.00 in a report on Monday, November 13th. Finally, Canaccord Genuity boosted their price target on shares of Laurentian Bank of Canada from C$63.00 to C$67.00 in a report on Wednesday, November 1st. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$60.90.
Laurentian Bank of Canada (TSE:LB) traded down C$4.80 during mid-day trading on Wednesday, reaching C$56.00. 907,479 shares of the company traded hands, compared to its average volume of 128,039. Laurentian Bank of Canada has a fifty-two week low of C$51.57 and a fifty-two week high of C$62.90.
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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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