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 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.

Stock Target Prices

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

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